A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. Alaska Airlines said Thursday it expects a $150 million hit from the Boeing 737 MAX grounding, which will limit its capacity growth in 2024. The airline, which executed an emergency landing on a MAX on January 5 following the mid-flight blowout of a panel on the jet, disclosed the estimates in a securities filing, saying capacity growth will be "at or below the lower end" of its prior estimate.
Airline shares fell sharply on Monday while ticket prices climbed fast, as rising tensions in the Middle East pushed oil prices higher and shook the global travel market.
The conflict involving the United States, Israel, and Iran has already begun to affect airlines, travelers, and investors.
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