Alaska Airlines says Boeing paid $160 million in initial compensation for losses the airline suffered after a panel blew off a Boeing 737-9 MAX plane in January.
Alaska Airlines says Boeing has paid the carrier $160 million in "initial compensation" for a panel that blew out of an Alaska Boeing 737 Max 9 jetliner in January.The airline said Thursday that it expects additional compensation, the terms of which it said are confidential.The payment covered Alaska's pretax loss related to the accident, including lost revenue and the cost of returning its Max 9 fleet to service after the planes were grounded for three weeks.
Alaska said in Thursday's filing that it expects to lose between $1.05 and $1.15 per share for the January-March quarter, with 95 cents per share of the loss related to the accident. Analysts were expecting a loss of 86 cents per share, according to a FactSet survey."We have received 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.
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