"United's Boeing Woes: From Groundings to Financial Impact"

1 min read
Source: MarketWatch
"United's Boeing Woes: From Groundings to Financial Impact"
Photo: MarketWatch
TL;DR Summary

United Airlines is reconsidering its plans for Boeing's 737 Max 10 after the grounding of Max 9s raised doubts about Boeing's ability to deliver planes on time. United has 277 Max 10 jets on order for the rest of the decade, but the airline believes it's unrealistic to expect the jets to arrive as planned. This decision is another blow to Boeing's reputation, as safety concerns continue to mount following a recent incident involving a 737 Max 9 flown by Alaska Airlines. United expects to lose money in the first quarter due to flight cancellations, but shares were up on Tuesday on the airline's full-year profit forecast.

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