Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

United Airlines Higher on Optimism Over the Chase For Premium  

Published 01/07/2021, 18:50
© Reuters.
BA
-
AIR
-
UAL
-

By Dhirendra Tripathi

Investing.com – United Airlines (NASDAQ:UAL) rose more than 1% during Thursday’s trading on hopes about its plan to chase premium customers.

The company on Tuesday placed a humongous order split between 200 planes for Boeing (NYSE:BA) and 70 for Airbus (PA:AIR). The planes ordered are single-aisle narrow body.

Not just more seats in the market, the company said it wants to have more premium seats as well as seatback entertainment in every seat, larger overhead storage, the industry's fastest available WiFi and other technology features.

It has chalked out a four-year retrofit plan for 100% of its remaining narrow-body fleet to transform the customer experience and create a new signature interior.

United expects it will have on average 53 premium seats per North American departure by 2026, an increase of about 75% over 2019, and more than any competitor in North America.

In line with its ambitious plans, United said it expects to hire 25,000 people by 2026.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.