Quorum Report Newsclips Dallas Morning News - March 4, 2024

American Airlines is ordering 260 jets, including some Boeing MAX 10 aircraft

American Airlines is placing a massive order for 260 jets to fill travel demand for more domestic and short-haul international routes. The Fort Worth-based airline announced the purchase Monday ahead of its investor day in New York. It said the order consists of 85 Airbus A321neo, 85 Boeing 737 Max 10 and 90 Embraer E175 aircraft. The order also includes options and purchase rights for 193 additional aircraft. American said it will modify its Airbus A319 and A320 fleets next year, adding more domestic first-class seats on the aircraft. In addition to its Boeing order, American is replacing 30 of its 737 Max 8 orders with 737 Max 10 aircraft. A Max 8 aircraft can seat about 162 to 178 passengers, while a Max 10 is designed for up to 230 seats.

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“Over the past decade, we have invested heavily to modernize and simplify our fleet, which is the largest and youngest among U.S. network carriers,” CEO Robert Isom said in a statement. “These orders will continue to fuel our fleet with newer, more efficient aircraft so we can continue to deliver the best network and record-setting operational reliability for our customers.” Vasu Raja, chief commercial officer at American, told investors Monday that short-haul travel has grown at a greater rate than longer flights. “In summary, our network is key to how we build and grow value,” Raja said. The Boeing 737 Max 10 has not yet been certified by the Federal Aviation Administration. American currently flies Boeing 737 Max 8 jets. Boeing recently made headlines for an Alaska Airlines plane, specifically a Boeing 737 Max 9, that suffered a blowout on Jan. 5 that left a gaping hole in the side of the fuselage, after which the FAA opened a formal investigation of the planemaker. American and Dallas-based Southwest Airlines do not fly Max 9 aircraft, but competitors like Alaska and United Airlines do.

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