Boeing Pays Alaska Airlines $160M for 737 MAX Financial Damages

• Boeing paid Alaska Airlines $160 million in initial compensation for financial damages from the 737-9 MAX incident • Alaska Airlines lost approximately $160 million in Q1 pretax profit due to the incident and groundings • The $160 million payment is equivalent to what Alaska Airlines lost • Boeing is expected to provide additional future compensation, though exact amount is unknown • The incident on Jan. 5 resulted in FAA grounding 737 Max 9 jets, causing thousands of flight cancelations