United Airlines is about to drop a bag. ✈️ 💰
In preparation for the post-COVID travel spree, United’s spending $35B on 270 new planes from Boeing and Airbus— it’s the largest aircraft order in history.
The order includes 200 Boeing 737 Max’s and 70 A321neo’s. The company has 500 planes earmarked for delivery between now and 2027, replacing over 300 aircraft in United’s current fleet.
The airline expects purchases to boost domestic capacity by 30%. United also announced today that the company hopes to add 25,000 union jobs by 2026. United plans to grow its workforce by 36% just months after accepting $54B in government aid.
$UAL lost 0.65% today.