September 24, 2022

United Airlines Bets on Post-Pandemic Growth With Its Biggest Ever Jet Order

United Airlines Holdings Inc. is making its largest ever plane order, adding Boeing and Airbus jets to fuel its post-pandemic growth plans.

The Chicago-based airline said Tuesday that it will purchase 200 of Boeing Co. ’s 737 MAX jets and 70 larger Airbus SE A321neos, a deal valued at more than $30 billion at list prices before customary discounts. United is looking to replace most of its 50-seat jets and other smaller, older aircraft with these larger planes that can carry more passengers and allow it to sell more premium seats.

The order—the largest by a U.S. airline since American Airlines Group Inc. ordered 460 new aircraft from Boeing and Airbus in 2011—is the latest sign of U.S. airlines’ growing confidence that travel is on course to snap back after being decimated by the coronavirus pandemic last year.

United lost more than $7 billion last year and accepted billions of dollars in government aid to continue paying workers. Now the airline expects to make money in July on an adjusted pretax basis, which would be its first profitable month since January 2020, the airline said in a separate filing Monday.

A year ago, airlines were parking planes in deserts and hunkering down for protracted pullback in travel. While many business travelers have yet to return and many lucrative international routes have yet to reopen, airline executives have said in recent months that the fast rebound in domestic leisure travel has given them confidence to restart hiring plans and start adding to their fleets.

Related Posts

Google, Facebook Pressure Falls Short as Major Antitrust Measures Advance in House Committee

June 24, 2021

June 24, 2021

WASHINGTON—A House committee approved far-reaching legislation to curb the market dominance of tech giants, including Alphabet Inc.’s Google and Facebook...

Shell Ordered by Dutch Court to Cut Carbon Emissions

May 26, 2021

May 26, 2021

The ruling, issued by the district court in The Hague and stemming from a lawsuit, found Shell RDS.A 0.44% must...

Biden Heads to Europe to Restore Alliances and Counter Autocracy’s Rise

June 9, 2021

June 9, 2021

WASHINGTON—On his first foreign trip, President Biden will seek to rally European partners and other democratic nations against what he...

Sanderson Farms Explores Sale – WSJ

June 21, 2021

June 21, 2021

Poultry giant Sanderson Farms Inc. SAFM 6.96% is exploring a sale, according to people familiar with the matter, as demand...

Supreme Court Declines to Lift National Eviction Moratorium

June 30, 2021

June 30, 2021

WASHINGTON—A divided Supreme Court on Tuesday declined to lift a national moratorium on the eviction of tenants who have fallen...

U.S. Wins International Backing for Global Minimum Tax

July 1, 2021

July 1, 2021

The U.S. has won international backing for a global minimum rate of tax as part of a wider overhaul of...

SEC to Review Market Structure as Meme Stocks Stir Frenzy

June 9, 2021

June 9, 2021

The Securities and Exchange Commission is considering changes to some of the stock market’s most fundamental rules in light of...

McDonald’s Hit by Data Breach

June 11, 2021

June 11, 2021

McDonald’s Corp. MCD 0.92% said hackers stole some data from its systems in markets including the U.S., South Korea and...

How a SoftBank-Backed Construction Startup Burned Through $3 Billion

June 29, 2021

June 29, 2021

Venture-backed startup Katerra Inc. aimed to revolutionize the construction business by mastering every element of the trade at once. Instead,...

Technology Fills the Gap as Jobs Lag GDP

June 9, 2021

June 9, 2021

The economy is booming. Why isn’t job growth? Payrolls have risen 1.6 million in the past three months and are...

Fed’s Bostic Says Bond Buying Drawdown Near, Sees Rate Rise in Late 2022

June 23, 2021

June 23, 2021

Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday he has moved forward his expectations for a central bank...

Lordstown Motors Executives Sold Stock Ahead of Reporting Results and Before Troubles Came to Light

June 21, 2021

June 21, 2021

Several top executives at Lordstown Motors Corp. RIDE 3.30% sold off chunks of stock in the electric-truck startup ahead of...

U.S. Suspends J&J Covid-19 Vaccine Shipments as States Face a Surplus of Expiring Doses

June 10, 2021

June 10, 2021

The U.S. government has halted new shipments of the Johnson & Johnson Covid-19 vaccine, according to state and federal health...

Moderna Plans to Expand Production to Make Covid-19 Vaccine Boosters, Supply More Countries

June 21, 2021

June 21, 2021

NORWOOD, Mass.— Moderna Inc. MRNA 4.91% is adding two new production lines at the rebuilt former Polaroid plant where it...

Congressional Budget Office Sees Stronger Growth, Inflation, Deficits in 2021

July 1, 2021

July 1, 2021

WASHINGTON—The Congressional Budget Office on Thursday lifted its forecasts for economic growth, inflation and federal budget deficits this year, following...