American Airlines orders 260 new aircraft from Airbus, Boeing and Embraer
FILE PHOTO: American Airlines flight 718 takes off from Miami, Florida, U.S. December 29, 2020. REUTERS/Marco Bello/ FILE PHOTO
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(Reuters) -American Airlines said on Monday it had agreed to buy a total of 260 new jets from Airbus, Boeing (NYSE:BA) and Embraer, as the carrier targets increased capacity to meet soaring demand for travel.
Major airlines are racing to place orders for new, more fuel-efficient aircraft as they try to cash-in on booming air travel demand while keeping costs in control.
The deal includes 85 Airbus A321neo jets, 85 Boeing 737 MAX 10s and 90 Embraer E175 aircraft, American Airlines (NASDAQ:AAL) said in a statement.
Its orders also included options and purchase rights for an additional 193 aircraft.
The airline expects to remain within its previous forecast for capacity and capital expenditures inclusive of the aircraft orders.
