The news cycle hasn’t been kind to United.
The fourth largest domestic carrier by capacity suffered through several safety incidents last month involving Boeing aircraft. In response, the Federal Aviation Administration announced it would heighten oversight and review United’s processes.
Broader Boeing safety concerns have added to the strain.
An FAA January decision to ground Boeing 737-9 Max aircraft pending resolution of an investigation into safety concerns cost United more than $200 million, Leskinen said. The company posted a net loss of $124 million on $12.5 billion in operating revenue during the three-month period ending March 31.
