United pulls plans for Boeings biggest 737 Max jet after Max 9 groundings MarketWatch

Image for article United pulls plans for Boeings biggest 737 Max jet after Max 9 groundings  MarketWatch
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News Summary

  • United Airlines Holdings Inc. on Tuesday said it was rethinking its longer-term plans for Boeing’s biggest 737 Max jet, the Max 10, after the government’s grounding of dozens of Max 9s this month raised questions over whether the aircraft maker could still deliver planes on time..
  • Netflix adds a record 13 million subscribers in the fourth quarter, AT&T’s earnings miss estimates, DuPont issues weak guidance, and Tesla is scheduled to report earnings after the closing bell Wednesday.Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings..
  • But he said the airline was taking the jet “out of our internal plans.”“We’ll be working on what that means exactly with Boeing,” he said..
  • “But Boeing is not going to be able to meet their contractual deliveries on at least many of those airplanes.”United, during the call, said that it had 277 Max 10 jets on order for the rest of the decade..
  • United, when it reported fourth-quarter results on Monday, said it expected to lose money in the first quarter, following the impact of those cancellations..
  • United UAL, +0.86% Chief Executive Scott Kirby said during the airline’s earnings call on Tuesday that it wasn’t canceling its orders for the Max 10..
United Airlines Holdings Inc. on Tuesday said it was rethinking its longerterm plans for Boeings biggest 737 Max jet, the Max 10, after the governments grounding of dozens of Max 9s this month raise [+2702 chars]

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