• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Thursday, July 10, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Read a ride Aerospace

Aviation cash out: Alaska Airlines pockets $160 million as compensation after 86-day wait

David Ijaseun by David Ijaseun
April 5, 2024
in Aerospace, Business, Business, News
0
Aviation cash out: Alaska Airlines pockets $160 million as compensation after 86-day wait
927
SHARES
14.3k
VIEWS
Share on FacebookShare on Twitter

In the wake of a turbulent incident involving an Alaska Airlines Boeing 737 MAX 9 in January, which forced a diversion due to a blowout of an exit door plug, the aviation industry has been reeling with consequences. While no fatalities occurred on flight 1281, the aftermath saw several passengers filing lawsuits against the aircraft manufacturer, Boeing. Airlines across the board indicated their intent to seek compensation for the grounding fallout. The severity of the blowout’s backlash even prompted significant leadership changes within Boeing.

However, Alaska Airlines disclosed that it received $160 million from Boeing during the first quarter as compensation. However, the airline emphasizes that this sum falls short of their anticipated reimbursement, signaling an ongoing negotiation process with Boeing. The grounding of the 737 MAX 9 fleet, comprising 65 aircraft, substantially impacted Alaska Airlines’ first-quarter financials.

READ ALSO

Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

Chief Financial Officer Shane Tackett outlined the airline’s expectation for full compensation to offset first-quarter losses. Although specific financial results are slated for later release this month, Alaska Airlines has already reported robust demand despite the incident.

“Although we did experience some book away following the accident and 737-9 MAX grounding, February and March both finished above our original pre-grounding expectations due to these core improvements,” stated Tackett.

According to recent filings, Alaska Airlines anticipated an 80% improvement in first-quarter pre-tax profit compared to Q1 2023.

Boeing, which has faced numerous challenges since the January incident, has seen mixed fortunes. While American Airlines, Japan Airlines, and Thai Airways have made significant purchases, concerns loom over delivery delays. United Airlines, for instance, has pivoted its future plans away from certain aircraft deliveries, notably the MAX 10, with CEO Scott Kirby urging Boeing to focus on MAX 9 production.

Consequently, several airlines have been compelled to scale back expansion plans for 2024 due to delayed aircraft deliveries. Southwest Airlines, for instance, recently revised its schedules through year-end, prompting a temporary halt in hiring flight attendants and pilots. To mitigate passenger inconvenience, Southwest has streamlined its booking change process through its app and website.

The ongoing developments underscore both the financial and operational repercussions stemming from the Alaska Airlines incident, as airlines and manufacturers navigate the path to recovery while prioritizing passenger safety and service continuity.

Tags: Boeing

Related Posts

Vehicle recalls in South Africa
Africa

Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa

July 10, 2025
Porsche 911 by Singer
News

Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes

July 10, 2025
Lucid Motors
Electric Vehicles

Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust

July 10, 2025
Christian Horner, sacked Red Bull team principal
News

End of an era: Why Red Bull sacked team principal Horner after 20 years, 124 wins

July 9, 2025
The automaker power shift: Who’s winning the U.S. market so far in 2025?
Business

The automaker power shift: Who’s winning the U.S. market so far in 2025?

July 9, 2025
Over 100K sold: Why used electric vehicles are in high demand
News

Over 100K sold: Why used electric vehicles are in high demand

July 9, 2025
Next Post
Ford Motor

Ford Motor delays launch of EVs amid global slowdown

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Nigeria’s auto sector

Stakeholders laud FG’s ‘Nigeria First’ initiative, call it a boon for local auto industry

May 14, 2025
Maui wildfire [Photo Credit Google]

Boeing donates $500,000 to assist Maui wildfire relief

August 15, 2023
differences between new and used cars

New vs used cars: Which one is right for you

January 14, 2023
Louis Vuitton Cruise Ship-Inspired Boutique in Shanghai

Louis Vuitton launches a cruise ship-inspired boutique in Shanghai

July 2, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Why Volkswagen, Volvo, Toyota recall nearly 7,000 vehicles in South Africa
  • Porsche absorbs $351m tariff costs to shield U.S. buyers from price hikes
  • Lucid sets new Guinness Record with 747-mile drive, leaving Tesla in the dust
  • Electric rush: American car buyers race to beat end of $7,500 EV tax credit

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In