Workflow
Alaska Air Gets Compensation from Boeing for Midair Mishap, 737 Max 9 Grounding
ALKAlaska Air(ALK) Investopedia·2024-04-04 21:15

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 160millioninthefirstquarter.AlaskaAirexplainedthatBoeingpaidthe160 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 ...