United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January.
United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus jets to fill out its fleet.
Financial results released by the airline pointed to continued strength in demand for air travel, especially within the United States and across the Atlantic. United forecast better-than-expected profit in the second quarter.
Shares of United rose 5% in after-hours trading.
The airline had its own difficulties in the first three months of the year. Its CEO reassured travelers that United is safe despite a series of events that included a piece of aluminum skin falling off one plane, a tire dropping off another during takeoff, and an engine fire. The Federal Aviation Administration stepped up its oversight of the carrier.
Nadal returns to Roland Garros to practice amid doubts over fitness and form
Central Rural Work Conference Is Held, Xi Delivers Important Instructions on Rural Work
China developing two models of reusable rockets
California congressman urges closer consultation with tribes on offshore wind
In pics: Olympic Village for Tokyo 2020 Olympic Games
Hundreds gather in London to protest against Assange's U.S. extradition
Xi Focus: CPC Leadership Meeting Calls for Rallying Powerful Force to Advance National Rejuvenation
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
Double blow for UK's Johnson as two Cabinet ministers quit
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Insights丨Foreign experts: The world draws lessons on China’s integrated urban