BA - Compensation Package: Boeing Assists Alaska Air with $160M Amid Crisis | Benzinga
Alaska Air Group Inc (NYSE:ALK) stated that Boeing Co (NYSE:BA) had disbursed approximately $160 million to the airline during the first quarter as initial compensation for the impact of the 737-9 MAX groundings.
The company’s first quarter operation and results were significantly impacted by Flight 1282 in January and the Boeing 737-9 MAX groundings, which extended into February.
Alaska Air said it lost approximately $160 million in first-quarter pretax profit, primarily comprising lost revenues, costs due to irregular operations, and costs ...