"Alaska Airlines Faces $150 Million Loss Due to Grounding of Boeing Planes"

Alaska Airlines expects a $150 million reduction in full-year profit due to the grounding of its Boeing 737 Max 9 jetliners, with plans to resume flying the planes after federal regulators approved an inspection process. The airline is reviewing Boeing’s production quality but remains committed to the aircraft maker. Other airlines, including United and Southwest, are also facing financial and operational challenges due to ongoing production problems at Boeing and higher labor costs. American Airlines reported a sharp drop in profit and forecasted losses in the first quarter of 2024, despite strong demand and robust bookings.