United is buying 270 Boeing and Airbus jets, its largest-ever order, for post-Covid growth plan

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United just unveiled its largest-ever aircraft order: 270 narrow-body jetliners from Boeing and Airbus. CEO Scott Kirby joined Lebeaucarnews to discuss.

The fleet plan is central to United's goal of capturing more travelers, particularly high-paying ones in major coastal hubs like San Francisco and Newark, New Jersey. The Max 10 and A321neo planes are the largest models in their families and United will use them to grow in those markets, which have capacity constraints, said Andrew Nocella, United's chief commercial officer.

In a wide-ranging growth plan, the airline said it plans to add more roomier seats and seatback entertainment, a departure from a previous strategy. The order shows United's optimism about the recovery in air travel, which so far has been concentrated in domestic leisure flights. United said Monday it expects to post positive, adjusted pretax income next month for the first time since January 2020.

The order includes 200 Boeing Max jets. Of those planes, 150 are Max 10s, the largest in the family. Boeing completed the first Max 10 test flight earlier this month.The large purchase on top of United's existing order book for Max planes is another vote of confidence in the airplane maker, which has struggled to regain its footing after two Max crashes and several production problems.

 

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Lebeaucarnews If you build it... they will come

Lebeaucarnews Interesting reaction today by the market with UAL dropping. Slight drop though. You'd expect an opposite reaction by investors regardless.

Lebeaucarnews good

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