HomeBusinessAlaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding

Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding

An Alaska Airlines Boeing 737 MAX 9 taxis at Seattle-Tacoma International Airport on March 25, 2024 in Seattle, Washington. 

Stephen Brashear | Getty Images

Alaska Airlines forecast second-quarter and full-year earnings well ahead of estimates on Thursday with executives predicting a strong peak travel season, despite a first-quarter loss stemming from a midair blowout of a door plug on a nearly new Boeing 737 Max 9 in January.

Alaska received $162 million from Boeing for the Jan. 5 accident, which caused the Federal Aviation Administration to briefly ground the planes. Alaska said it expects additional compensation from the manufacturer.

The Seattle-based carrier lost $132 million, or $1.05 a share in the first quarter, down from a net loss of $142 million, or $1.11 a share a year earlier. 

The accident has added additional regulator scrutiny on Boeing and slowed its deliveries of new…

Read more at www.cnbc.com

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