"United Airlines' 2024 Financial Turbulence: Boeing Crisis, Delays, and Profit Forecast"
Originally Published 1 year ago — by CNBC
United Airlines has reduced its 2024 aircraft delivery plan and adjusted its fleet plan due to delays from Boeing, expecting to receive 61 new narrow-body planes this year instead of the previously anticipated 101. The airline plans to lease Airbus A321neos in 2026 and 2027, turning to Boeing's rival for new planes. United is also facing a Federal Aviation Administration safety review, which has led to postponed services and a temporary grounding of the Boeing 737 Max 9, resulting in a net loss of $124 million in the first quarter. Despite this, the airline expects to post earnings of between $3.75 and $4.25 in the second quarter and reiterated its full-year earnings forecast of between $9 and $11 a share.