United Airlines says Boeing 737 Max blowout, grounding cost it $200M

The emergency grounding of Boeing’s 737 Max 9 jetliner cost United Airlines $200 million in the first three months of this year, the airline said, blaming the disruption for its failure to turn a quarterly profit.

The airline reported net losses of $124 million in 2024’s first quarter, though it described its overall financial and operational performance in the period as “strong.” United’s Tuesday statement also pointed optimistically to a broader hike in demand for air travel compared with before the pandemic, fueling its own plans to grow its network. In 2023, the airline reported a net loss of $194 million in the first quarter, and a net income of $2.6 billion for the full year.