Alaska Air (ALK) Gets Initial $160 M Compensation From Boeing
ALKAlaska Air(ALK) Zacks Investment Research·2024-04-06 00:25

Alaska Air Group (ALK) has been paid $160 million by plane manufacturer Boeing (BA) in first-quarter 2024. This is an initial compensation to address the financial damages incurred as a result of Flight 1282 incident and the subsequent 737-9 MAX groundings. We remind investors that on Jan 5, ALK’s Ontario, CA-bound flight (1282) saw a panel and window being blown out of Boeing 737 MAX 9 jet shortly after takeoff from Portland, OR. The fiasco prompted the flight to turn back immediately and make an unschedul ...