Alaska Air Group said Boeing paid $160 million to compensate for lost profits following the January door plug blowout.
filed with the Securities and Exchange Commission that it had “received initial compensation from Boeing to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings.”
The filing also showed that had the Federal Aviation Administration not grounded the 737 Max 9 jets, which extended into February, the company’s adjusted pretax profits would have improved by 80%.
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