United orders another 25 Boeing 737 MAX jets to prepare for recovery [Reuters]
United Airlines Holdings, Inc. (UAL)
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Source: Reuters
By Reuters Staff 2 Min Read (Reuters) - United Airlines Holdings Inc has ordered 25 new Boeing 737 MAX aircraft to receive in 2023 and moved up the delivery of others as it prepares to replace aging jets and meet expected post-pandemic growth in demand, the company said on Monday. U.S. airlines have parked and retired aircraft as the coronavirus pandemic sapped demand but are beginning to position their business for a recovery as more vaccines are distributed across the country and globally. “With a number of our aircraft nearing the end of their lifecycle and the growth opportunities that we know will exist in the COVID-19 recovery period, this agreement will help us to grow as demand returns,” Chief Commercial Officer Andrew Nocella said in a memo. In addition to the new Boeing order, United said it has moved up delivery of 40 previously ordered MAX aircraft to 2022 and 5 to 2023, meaning it will have 94 new aircraft in its fleet over those two years. Altogether, it has 188 orders
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UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website