"Alaska Airlines Faces $150 Million Loss Due to Boeing 737 Max Grounding"

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Source: WBAL TV Baltimore
"Alaska Airlines Faces $150 Million Loss Due to Boeing 737 Max Grounding"
Photo: WBAL TV Baltimore
TL;DR Summary

The grounding of the 737 Max 9 after an incident with an Alaska Airlines plane will cost the airline about $150 million, impacting its financial performance. Alaska Airlines and United are the only U.S. airlines with the 737 Max 9 jet in their fleets, but other airlines like Southwest and American are also affected by Boeing's issues. Despite the financial hit, Alaska Airlines still expects to report a full-year profit, but it may fall short of estimates. The FAA has outlined inspection procedures to return the planes to flight, and Alaska Airlines plans to have all its 737-9 Max inspections completed over the next week.

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