United Airlines' (UAL) Q2 2024 earnings are expected to miss forecasts due to several factors:
- Boeing 737 MAX 9 Grounding: The temporary grounding of Boeing 737 MAX 9 aircraft had a significant impact on UAL's Q2 results, resulting in a $200 million headwind12. This disruption affected the airline's operational schedule and capacity, leading to lost revenue and increased costs.
- Strategic Adjustments: UAL made strategic adjustments to its fleet plan, adjusting its delivery schedule and reducing the number of new narrow-body planes it expected to receive. This reflects the challenges in manufacturing and delivery timelines, which have forced UAL to refine its expectations for fleet growth1.
In summary, the Q2 2024 earnings miss for UAL is primarily due to the Boeing 737 MAX 9 grounding and the strategic adjustments made to the fleet plan in response to manufacturing delays.