Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flight
Alaska Airlines says Boeing has paid the carrier $160 million in “initial compensation” for a panel that blew out of an Alaska Boeing 737 Max 9 jetliner in January.
The airline said Thursday that it expects additional compensation, the terms of which it said are confidential.
The payment covered Alaska’s pretax loss related to the accident, including lost revenue and the cost of returning its Max 9 fleet to service after the planes were grounded for three weeks.
https://apnews.com/article/boeing-compensation-alaska-airlines-accident-5e969c05ac6e670f1a297fb14eee7ff0Open linkView original on lemmy.world
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https://www.macrotrends.net/stocks/charts/BA/boeing/gross-profit
Boeing lost over 50% of its profits due to the issues with the Max in 2019. They cannot learn, purge the company leadership. Preferably with fire.
The C suite is getting purged.
That said, the board needs to be next.
Boeing is a defense contractor
Got it, it’ll be a “tragic on-site testing accident.”
It's interesting these costs of doing business the shitty way keep adding up. Just imagine how much they've skimped, stolen or extracted in value over the years to make this still the best way to make a profit in business. Nationalize them.
In the stock market driven board rooms of today, they don’t care. They made more money than they will be fined. They can right off the loses to a large extent. If it gets bad, they sell it off and negate all responsibility. It’s all about meeting quarterly profit goals and increasing share holder value. This is why strong government regulation of markets has to exist. If the winning players make the rules instead of the referees, they will make rules that ensure they keep winning every time.
Until the government bans stock buy backs again and reinstates many of the regulations tore down by the rise of the right, this type of neglect in the name profit will continue.
Damn, that much money could pay off most of my bills. Would be nice ☺️
Most? Guess we found trump's account.