United Airlines records $200m hit from Boeing grounding

United Airlines’ First-Quarter 2024 Financial Results show the impact of the Boeing 737 MAX 9 grounding.

The financial report is a stark look at the way the commercial aviation provider has been hit since a mechanical fault forced a plane to land.

United Records Financial Hit

The Federal Aviation Administration (FAA) was quick to act after an Alaskan Airline flight had a malfunction whilst it was in the air.

A door plug unexpectedly blew off causing the regulator to ground the airline’s Boeing 737 MAX 9. Thousands of flights were canceled and United’s production line was stalled whilst the FAA looked into the harrowing incident.

Today’s financial announcement marks the company’s first look

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

The Rise and Fall of the Panama Canal

Enlarge this image Author Cristina Henriquez next to the cover of...

Man Faces $70M Medicare Fraud Scheme Charges

A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department.An indictment was unsealed in Tampa...

Student debt is haunting Americans from graduation to retirement | CNN Business

New York CNN  —  Going to college is supposed to be the path to a more prosperous life. But...