The airline said Thursday that it expects additional compensation, the terms of which it said are confidential.
FILE - An Alaska Airlines Boeing 737 Max 9 awaits inspection at the airline's hangar at Seattle-Tacoma International Airport onJan. 10, 2024, in SeaTac, Washington
Alaska quickly grounded its other Max 9s, and the Federal Aviation Administration followed by grounding all Max 9s in the United States – affecting Alaska and United Airlines. The FAA and National Transportation Safety Board are investigating, and the Justice Department is examining whether the incident violated terms of a settlement that Boeing reached in 2021 to avoid criminal prosecution for allegedly misleading regulators who certified Max jets for flights.
Alaska said in Thursday's filing that it expects to lose between $1.05 and $1.15 per share for the January-March quarter, with 95 cents per share of the loss related to the accident. Analysts were expecting a loss of 86 cents per share, according to a FactSet survey. The Seattle-based airline said that without the blowout its first-quarter profit would have been better than its earnings in the same period of 2023.
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