Alaska Air Group Inc. is currently in the process of completing the final inspections of all its Boeing 737 Max 9 planes. These planes were at the center of the grounding issues faced by Boeing Co. in recent times.
Additionally, the Federal Aviation Administration has recommended “visual” inspections for the Boeing 737-900ER model planes. Alaska Air has confirmed that it has already conducted these inspections on its aircraft and found only one minor issue, which was promptly addressed.
To ensure the highest standards of production quality and control systems, Alaska Air has initiated a comprehensive review of Boeing’s processes and has implemented an enhanced quality oversight program at the Boeing 737-9 Max production facility.
In terms of financial performance, Alaska Air reported adjusted earnings per share and revenue for the fourth quarter that exceeded expectations. This positive outcome is reflected in the company’s stock, which has risen by 0.9% in premarket trading.
Over the past three months, Alaska Air’s stock has surged by 13.3%, outperforming both the U.S. Global Jets ETF, which has increased by 25.4%, and the S&P 500, which has gained 16.3%.