United Airlines reports stronger-than-expected Q2 earnings despite Q1 loss due to Boeing 737 Max 9 grounding and cuts delivery estimates by 25% to 66 jets for 2021.
United Airlines forecasts stronger-than-expected Q2 earnings, despite a $124M Q1 loss due to Boeing 737 Max 9 grounding, and cuts its 2021 aircraft delivery estimates by 25% to 66 jets. The airline's shares rose after it announced better-than-expected profitability for Q2, compensating for safety issues and delays caused by Boeing's quality crisis. United now expects to receive only 61 new narrow-body planes this year, down from 101 initially stated and 183 planned for 2024.
April 16, 2024
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