Alaska Airlines Says Expects $150 Mn Hit From 737 MAX Grounding

A Boeing 737 MAX 9 plane operated by Alaska Airlines made an emergency landing on January 5 after a panel blew out (Credit: AFP)

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.