Boeing Pays Alaska Airlines $160 Million Initial Compensation for January Mid-Air Incident

• Boeing paid Alaska Airlines $160 million in initial compensation for panel blowout during flight in January • Payment covered Alaska's pretax loss from accident including lost revenue and returning planes to service • Alaska expects additional compensation from Boeing, terms are confidential • Alaska estimates will lose $1.05-$1.15 per share in Q1 2022, 95 cents related to accident • Alaska saw strong travel demand and business travel recovery on West Coast before accident