The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024.
Boeing paid Alaska Airlines $160 million in compensation in the first quarter for the grounding of the 737 Max 9, according to the airline.
Alaska said in a filing Thursday that its first-quarter "results were significantly impacted by Flight 1282 in January and the Boeing 737-9 MAX grounding which extended into February."
"Although we did experience some book away following the accident and 737-9 MAX grounding, February and March both finished above our original pre-grounding expectations due to these core improvements," it said.
Alaska shares were up more than 5% in morning trading, while Boeing was up 1%, compared with a 0.6% gain in the broader market .
Persons:
Boeing's, Boeing didn't
Organizations:
Alaska Airlines Flight, Boeing, National Transportation Safety Board, Alaska Airlines, Federal Aviation Administration, Max, United Airlines, CNBC
Locations:
Alaska, Portland , Oregon, U.S