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 ...

The DoJ opened a criminal investigation into the Boeing 737 blowout, The Wall Street Journal reported.Boeing has come under increased scrutiny over the safety of its 737 Max fleet.Alaska Airlines said this was "normal" and it was not the target of the investigation. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Em ...

andresr Listen below or on the go on Apple Podcasts and Spotify The core CPI is forecast to dip to 3.7%, with headline CPI steady at 3.1%. (0:20) DoJ reportedly investigating Alaska Airlines door blowout. (2:54) BofA sees gold rising, but at a slower rate. (4:46) The following is an abridged transcript The top story to look out for this week The markets will get the latest retail inflation figures before the bell on Tuesday, the last numbers before the March 20 Fed meeting. Economists expect that the ...