Saturday, 17 April, 2021


American Airlines buying $12 billion in 787s from Boeing

Robert Crandall former president of American Airlines Herb Kelleher former CEO of Southwest and Robert Crandall former president of American Airlines via the Dallas Morning News
Conrad Doyle | 07 April, 2018, 07:16

American Airlines (NASDAQ:AAL) has ordered 47 new Boeing 787 widebody craft (NYSE:BA), a contested deal that confirms the end of American's order with Airbus (OTCPK:EADSY). The entire order of new 787s will be powered with General Electric's GEnx-1B engines. American will use the planes to replace aging Boeing 767-300s and, later, its Airbus A330-300s and the oldest of its Boeing 777-200s.

American has been looking at alternatives for the order for 22 A350s that it gained through its 2013 merger with US Airways since previous year, and recently outlined a need to make a decision on what to do with its aging 767-300ER fleet.

American operates a fleet of 35 787s to destinations such as Tokyo, São Paulo and Paris.

Boeing says the order today is a new deal from American and not an exercise of the carrier's options for 58 787s.

Adding more of the fuel-efficient Boeing aircraft will allow American to simplify its fleet and shed some of its oldest long-range jets. "This new order is a powerful endorsement of the 787 family's unique passenger appeal and unmatched ability to help airlines open new routes and grow profitably", said Boeing Commercial Airplanes President and CEO Kevin McAllister in a news release. "Our prior plan would have had us operating five widebody aircraft types, and with today's announcement we will soon reduce that to three", Chief Financial Officer Derek Kerr said.

AAL will also defer delivery of 40 737 MAX aircraft scheduled to arrive between 2020 and 2022.

About American Airlines Group American Airlines and American Eagle offer an average of almost 6,700 flights per day to almost 350 destinations in more than 50 countries. The deferral will better match future planned retirements, the carrier said. Shares of American were up 0.3% after hours, following a 3.6% fall to close Friday trading at $50.29. In 2015, its stock joined the S&P 500 index.

Recommended

loading...
...
  • Far Cry 5 week 1 sales estimated to be 5 million copies

    Far Cry 5 week 1 sales estimated to be 5 million copies

    The company behind big video game brands like Assassin's Creed , Far Cry and Watch Dogs is setting up shop in Winnipeg. These are some of the Ubisoft franchises that video game players from all over the world have loved for years now.
    US Stock Futures Tumble as Trump Signals More China Tariffs

    US Stock Futures Tumble as Trump Signals More China Tariffs

    Shares of Boeing, the single largest US exporter to China, fell 2.4 percent, leading the losses among big USA manufacturers. Average hourly earnings are expected to have risen 0.2 percent last month after edging up 0.1 percent in February.
    Poisoned ex-spy in UK no longer in critical condition, hospital says

    Poisoned ex-spy in UK no longer in critical condition, hospital says

    Both Moscow and London have accused each other of trying to deceive the world with an array of claims, counter-claims and threats. Yulia's health has improved rapidly. "My strength is growing daily", she said in a statement released through the police.
  • Ollies Bargain Outlet Holdings (NASDAQ:OLLI) 4Q17 earnings preview

    Ollies Bargain Outlet Holdings (NASDAQ:OLLI) 4Q17 earnings preview

    Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. The current share price indicates that stock is -4.19% away from its one year high and is moving 82.22% ahead of its 52-week low.
    Netanyahu Gave In To Political Right's Pressure Over UN Deal

    Netanyahu Gave In To Political Right's Pressure Over UN Deal

    The agreement was created to end the possibility of forced deportations of thousands of migrants from Israel to Rwanda. An equal number would be granted temporary residency status in Israel.
    Nine West files for bankruptcy, will sell some brands

    Nine West files for bankruptcy, will sell some brands

    Retailers have been struggling to compete with online retailers like Amazon, and suffering from the death of the mall. Nine West Holdings, which owns the Nine West and Anne Klein brands, has filed for bankruptcy .
  • Kenny Rogers cancels farewell tour due to health related issues

    Kenny Rogers cancels farewell tour due to health related issues

    He added that he had "never properly thank them for the encouragement and support they've given me throughout my career". The Music Hall of Fame star was honored for his 60-year career last October at Nashville's Bridgestone Arena.
    TDP MPs protest even after Rajya Sabha adjournment

    TDP MPs protest even after Rajya Sabha adjournment

    TDP president Chandrababu Naidu had in a tele-conferencing this morning had asked the partys MPs to intensify their protest here on the issue.
    Donald Trump considers list of trade demands for China

    Donald Trump considers list of trade demands for China

    China shot back with a list of similar proposed duties on American imports, including soybeans, planes, cars, beef and chemicals. The price of aluminum per pound has been falling since February, a decline that started before the tariffs were imposed.
  • Final Fantasy 15 has four more episodes coming in 2019

    Final Fantasy 15 has four more episodes coming in 2019

    Episode II: Lunafreya - "The Choice of Freedom" This story's about Luna's fate, which not even death can free her from. The Japanese giant revealed plans to release four new pieces of DLC content for Final Fantasy XV through summer 2019.

    Manchester City vs Manchester United : 5 things to look forward to

    But compare them to the rest of the Premier League , and the Red Devils' start to look slightly better. It's impossible to do that, to play the way we play, the results we achieved, without top players".

    Momentum & Analysis Look at AbbVie Inc. (NYSE:ABBV) Shares

    Howe & Rusling Inc decreased its stake in Abbvie Inc ( ABBV ) by 4.04% based on its latest 2017Q4 regulatory filing with the SEC. Armstrong Henry H Associates Incorporated stated it has 0.41% of its portfolio in AbbVie Inc . (NYSE: ABBV ) for 108,567 shares.

(CSX) to Post $0.66 EPS Scotiabank set a $55.00 price objective on CSX and gave the stock a "buy" rating in a research report on Friday, December 15th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03.

Facebook's Sandberg says other cases of data misuse possible Facebook's Sandberg says other cases of data misuse possible Sandberg and other Facebook officials knew about the Cambridge Analytica breach two and a half years ago. Sandberg wouldn't take full responsibility, saying " every candidate at every level used Facebook".

Peeling the Onion Layer Back on Paypal Holdings (PYPL) The firm has a market capitalization of $89,483.93, a price-to-earnings ratio of 55.36, a P/E/G ratio of 2.46 and a beta of 1.28. BTIG Research cut shares of PayPal from a "buy" rating to a "neutral" rating in a research note on Thursday , February 1st.

Mino Raiola: 'I offer players to Manchester City, not Pep Guardiola' Mino Raiola: 'I offer players to Manchester City, not Pep Guardiola' The claims appeared to come as a surprise to Pogba, who tweeted afterwards, "Say what?" But, he knows as well I am a top manager. I never speak with him, so his opinion [about me], I don't know - maybe Ibra [Ibrahimovic] explained many things about me .

Cam Newton not injured in collision with dump truck Cam Newton not injured in collision with dump truck TMZ Sports is reporting that the Carolina Panthers quarterback's auto was hit by a dump truck while he was in Atlanta. Newton, who is an Atlanta native, was driving his $300,000 Ferrari F12 when the collision happened around 4 p.m.

Facebook officials head to Europe to respond to data scandal Facebook officials head to Europe to respond to data scandal Sandberg spoke out during an interview on NBC's Today programme, where she was probed over Facebook's failure to protect user data.

Trump seeks $100 bil Trump seeks $100 bil Trump and Chinese President Xi Jinping speak to each other, as well as high-ranking figures from both governments, he added. One silver lining: American automakers that import electric vehicle batteries from China were spared from the US tariffs.

Kylie Jenner and Travis Scott take a sleepy Stormi on a walk Kylie Jenner and Travis Scott take a sleepy Stormi on a walk Every week earlier than Thursday's video, Jenner shared the inspirational throwback photograph she's been referencing. In the first photo, it seems like the first-time mom caught Stormi right before she was about to drift off.

Porton's novishock: Experts can't trace source of nerve agent Porton's novishock: Experts can't trace source of nerve agent Instead of cooperating with the OPCW, Russia had unleashed "a flood of insinuations targeting European Union member states. His daughter, Yulia, 33, has shown signs of improvement.

Data firm receives access to millions of Facebook users Data firm receives access to millions of Facebook users Mark Zuckerberg has admitted the Facebook does scan all images and texts people send to each other through the Messenger app. The disclosures about Canadian Facebook users comes in the wake of one of the biggest data privacy scandals in history.

Subject of manhunt in Arkansas fatally shot by officer, state police say Subject of manhunt in Arkansas fatally shot by officer, state police say He says the officer pointed a pistol at him when he started his auto and shot him before he shifted into gear. Police have not released details about the call nor the circumstances that led to the shooting.

Canadian junior hockey team bus involved in fatal crash, report says Canadian junior hockey team bus involved in fatal crash, report says The Nipawin Hawks were scheduled to play the team Friday night, but confirmed that the game has been cancelled due to the crash. RCMP said traffic was expected to be blocked for several hours and drivers can expect lengthy delays.

Key points from Sheryl Sandberg's Facebook apology tour Host Savannah Guthrie asked whether Facebook users could expect info on more data breaches. Zuckerberg is scheduled to testify before Congress on April 10 and 11.

What Are Analysts Report About Kindred Healthcare Inc. (KND) What Are Analysts Report About Kindred Healthcare Inc. (KND) ATR remains at 0.15 while Beta component of the stock stands at "Beta". 50-SMA is used by traders to measure mid-term trends. A Beta is an evaluate the volatility, or systematic risk, of a security or a portfolio in contrast to the market as a whole.

Evaluating today's stock market for: Mondelez International, Inc. (MDLZ) The stock has a market capitalization of $61,248.17, a price-to-earnings ratio of 19.72, a PEG ratio of 1.40 and a beta of 0.87. The stock of Melco Crown Entertainment Limit ( NASDAQ :MPEL) earned "Hold" rating by HSBC on Wednesday, April 20.