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United Airlines To Add 25 Boeing 737s To Its Fleet

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On Tuesday, United Airlines, owned by parent company United Continental Holdings UAL announced that it is buying 25 new Boeing BA 737-700 jets, adding to a previous order made back in January for 40 737s.

The newest addition will allow United to fly "larger, more efficient aircraft as the airline reduces the size of its 50-seat regional fleet. United expects to have fewer than 100 aircraft in its 50-seat fleet by the end of 2019," the company said in a news release .

The airline also announced that it would speed up the retirement process for its 747s.

"The new 737-700 aircraft are ideal for our fleet as we continue to reduce our reliance on 50-seat aircraft," said Gerry Laderman, United's senior vice president of finance and acting chief financial officer. "Retiring the 747 fleet and replacing those aircraft with more customer-pleasing, current generation aircraft creates a more reliable and efficient fleet that provides a better overall experience for our customers traveling on long-haul flights."

United Continental is a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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