"Alaska Airlines Faces $150 Million Loss Due to Boeing 737 Max Grounding"
TL;DR Summary
The grounding of the 737 Max 9 after an incident with an Alaska Airlines plane will cost the airline about $150 million, impacting its financial performance. Alaska Airlines and United are the only U.S. airlines with the 737 Max 9 jet in their fleets, but other carriers like Southwest Airlines and American Airlines are also affected by Boeing's issues. Despite the setback, Alaska Airlines expects to report a full-year profit, but it may fall short of estimates. The FAA has outlined inspection procedures for the return of the planes to flight, and Alaska Airlines plans to have all its 737-9 Max inspections completed over the next week.
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