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Published 16 days ago

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

  • United Airlines reported a $124 million loss due to a three-week grounding of Boeing 737 Max 9s after an incident with an Alaska Airlines Max jetliner.
  • United will receive fewer new Boeing planes this year and is leasing Airbus jets instead, impacting its profit outlook positively for the second quarter.
  • Due to the grounding, United incurred a $200 million cost, turning a profit into a loss for the quarter.
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