Flight 1282: Alaska Airlines receives $162 million compensation from Boeing

The Alaska Air Group has published its Q1 2024 financial results, reporting a net loss of $132 million (compared to a $142 million loss for the first quarter of 2023). Its first quarter operation and results were ‘significantly impacted’ by January’s mid-air panel blowout of Flight 1282, adds the airline, confirming that it has received $162 million ‘in initial cash compensation from Boeing to address the financial damages incurred during the first quarter’. Total operating revenue for Q1 2024 was slightly up at $2.2bn (a rise of 2%) from the same period a year prior), with cargo and other revenue