Boeing has paid Alaska Airlines roughly $160 million as an “initial payment” for “financial damages” resulting from the flight that experienced a midair door blowout at 16,000 feet earlier this year.Alaska Airlines, which was operating the Boeing plane at the time the fuselage blew off, said in a regulatory filing that it lost “approximately $160 million” in its first quarter in pretax profit, “primarily comprising lost revenues, costs due to irregular operations and costs to restore our fleet to operating ...

Boeing has paid Alaska Airlines approximately $160 million in compensation following the Alaska Airlines Boeing Max 9 midair blowout in January. According to a SEC filing, the money was "initial compensation" from Boeing "to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings."The airline said that they lost "approximately $160 million" in their first quarter. "As a result of the Flight 1282 accident and the Boeing 737-9 MAX grounding, we lost approximately $160 mi ...

Key TakeawaysAlaska Air announced that it was getting monetary compensation from Boeing following the January midair incident when a door plug in a 737 Max 9 blew out.The airline said the mishap and the subsequent grounding of the Max 9 planes significantly affected operations and financial results, costing it $160 million in the first quarter.Alaska Air explained that Boeing paid the $160 million, and it expects additional compensation from the plane maker. Alaska Air Group (ALK) reported Thursday it was r ...

Based on recent headlines talking of figurative and literal turbulence for the air travel space, you are correct to assume the best airline stocks to buy in April are a pretty short list.Shares in legacy carriers like American Airlines (NASDAQ:AAL) and United Airlines (NASDAQ:UAL) are steer clear situations right now. The same goes for high-profile low-cost carriers like Southwest Airlines (NYSE:LUV).These majors (legacy and low-cost) face the prospect of disappointing fiscal results in the quarters ahead. ...

ToplineAlaska Airlines announced in a filing Thursday it received a $160 million cash payment from Boeing in compensation for lost revenues stemming from the January mid-flight door plug blowout incident, which forced the grounding of Boeing 737 Max 9 planes, an FAA investigation into Boeing’s safety practices and a reported criminal investigation.FILE - This photo released by the National Transportation Safety Board shows a gaping hole where the ... [+] paneled-over door had been at the fuselage plug area ...

The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024.Boeing paid Alaska Airlines $160 million in compensation in the first quarter for the grounding of the 737 Max 9.The Federal Aviation Administration grounded the jets after a door plug blew out of a nearly new Boeing 737 Max 9 operated by A ...

Alaska Air Group (ALK) closed the latest trading day at $37.82, indicating a -1.02% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.39%.The airline's shares have seen an increase of 1.84% over the last month, surpassing the Transportation sector's gain of 1.02% and falling behind the S&P 500's gain of 2.97%.The investment community will be paying close attention to the ear ...

Alaska Airlines, the wholly-owned subsidiary of Alaska Air Group (ALK) , received encouraging tidings on the labor front when its aircraft maintenance technicians, maintenance controllers and supporting staff, represented by the Aircraft Mechanics Fraternal Association or AMFA, approved a new five-year contract.Negotiated over 12 months, the deal boasts increased pay, enhanced retirement contributions and quality of life improvements. CEO Ben Minicucci commended the airline’s expertise and dedication, empha ...

Alaska Air Group, Inc. (ALK) provided unfavorable guidance for the first quarter of 2024. Notably, regulatory issues at Boeing (BA) have hurt Alaska Air’s results.We note that Boeing has been under the scanner ever since Alaska Airlines’ Ontario, CA-bound flight (1282) on Jan 5, 2024, saw a panel and window being blown out of the Boeing 737 MAX 9 jet shortly after takeoff from Portland, OR. Alaska Airlines is a wholly-owned subsidiary of Alaska Air Group.Owing to issues of Flight 1282 and the Boeing 737-9 M ...

ToplineSurveillance footage from a repair facility where a metal door plug was reinstalled to an Alaska Airlines 737 was overwritten by Boeing, according to National Transportation Safety Board chair Jennifer Homendy, as federal investigators demand more information from Boeing after the door plug blew off mid-flight earlier this year.The aircraft manufacturer told federal investigators it had no record of work performed on the door. ... [+] Getty Images Key FactsThe NTSB requested surveillance footage from ...