United Takes $200M Hit from Boeing 737 Max Grounding, Delays and Switches Some Orders to Airbus

United Airlines took a $200 million hit in Q1 due to the grounding of its Boeing 737 Max 9 jets after a door plug incident
The 3-week grounding of the Max 9 pushed United into an adjusted net loss of $50 million for the quarter
United was supposed to receive 61 new single-aisle jets from Boeing this year, but now expects only 21 deliveries
United has converted some Max 10 orders to Max 9, and may convert more due to Boeing's delays and quality issues
United signed deals to lease 35 Airbus A321neos in 2026-2027 amid Boeing uncertainty