Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  United Airlines Holdings, Inc.    UAL

UNITED AIRLINES HOLDINGS, INC.

(UAL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

United Airlines : inks deal to buy 50 Airbus planes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/04/2019 | 05:00am EST

United Airlines announced that it has inked a multibillion-dollar deal to purchase 50 new aircraft from Airbus to replace its aging fleet of Boeing planes.

The U.S. carrier said Tuesday that it has made an order for 50 new Airbus A321XLR planes in order to begin retiring its existing fleet of Boeing 757-200 aircraft with expectations to start introducing the European-made long-range jets into its international service by 2024.

The new planes, it said, will allow it to fly to additional European destinations from East Coast hubs New York and Washington.

"The new Airbus A321XLR aircraft is an ideal one-for-one replacement for the older, less-efficient aircraft currently operating between some of the most vital cities in our intercontinental network," said United Airlines Executive Vice President and Chief Commercial Officer Andrew Nocella. "In addition to strengthening our ability to fly more efficiently, the A321XLR's range capabilities open potential new destinations to further develop our network and provide customers with more options to travel the globe."

The deal is valued at around $7.1 billion for the single-aisle plane that is similar to the Boeing 757-200, which went out of production over a decade ago, Bloomberg reported.

The airline also said it will defer delivery of its previous order for Airbus A350s until 2027 to "better align" with its needs.

The new aircraft is reported to lower overall fuel burn per seat by 30 percent compared to previous generations of the plan, which United said will aid it in minimizing its environmental impact as it attempts to reduce its carbon footprint by 50 percent by 2050 compared to 2005 levels.

Airbus said Wednesday that they are "delighted" by the deal that is further endorsement of the aircraft's range, payload and fuel efficiency.

"The exceptional versatility and performance of the A321XLR enable new operational efficiencies that flow to the airline's bottom line," Airbus Chief Commercial Officer Christian Scherer said in a statement.

Copyright 2019 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) -1.39% 313.97 Delayed Quote.-5.14%
UNITED AIRLINES HOLDINGS, INC. -2.86% 83.38 Delayed Quote.-5.39%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on UNITED AIRLINES HOLDINGS,
01/22Boeing CEO expects to resume 737 MAX production before mid-year
RE
01/22Boeing CEO expects to resume 737 MAX production before mid-year
RE
01/22United says does not expect to fly the 737 MAX this summer
RE
01/22UNITED AIRLINES : Reaches 2020 Adjusted Earnings Per Share Target One Year Ahead..
AQ
01/22Air Canada to not fly the MAX until June 30
RE
01/22UNITED AIRLINES HOLDINGS, INC. : Regulation FD Disclosure, Financial Statements ..
AQ
01/21Airlines scour the world for scarce 737 MAX simulators
RE
01/21UNITED AIRLINES : Investor Update
PU
01/21United beats Wall Street expectations despite ongoing 737 MAX delays
RE
01/21Wall Street falls as China virus reaches the U.S.
RE
More news
Financials (USD)
Sales 2020 45 385 M
EBIT 2020 4 444 M
Net income 2020 3 102 M
Debt 2020 9 051 M
Yield 2020 -
P/E ratio 2020 6,68x
P/E ratio 2021 5,92x
EV / Sales2020 0,66x
EV / Sales2021 0,64x
Capitalization 21 089 M
Chart UNITED AIRLINES HOLDINGS, INC.
Duration : Period :
United Airlines Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED AIRLINES HOLDINGS,
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 107,89  $
Last Close Price 83,34  $
Spread / Highest target 68,0%
Spread / Average Target 29,5%
Spread / Lowest Target 7,99%
EPS Revisions
Managers
NameTitle
Oscar Munoz Chief Executive Officer & Director
J. Scott Kirby President
Jane C. Garvey Non-Executive Chairman
Gregory L. Hart Chief Operating Officer & Executive Vice President
Gerald Laderman Chief Financial Officer & Executive Vice President
Sector and Competitors