• Contact Us
  • Privacy Policy
Tech News, Magazine & Review WordPress Theme 2017
  • Business
    • Real Estate
  • Entertainment
  • Games
  • Health
  • Lifestyle
    • Art
    • Food
    • Books
  • Tech
  • US
  • World
No Result
View All Result
Monte Press
No Result
View All Result
Home Business

United Airlines has Placed its Biggest Aircraft Order With a Hope to Get Profit from a Travel Boom After Pandemic

Helene Davis by Helene Davis
June 30, 2021
in Business
United Airlines has Placed its Biggest Aircraft Order With a Hope to Get Profit from a Travel Boom After Pandemic
Share on FacebookShare on Twitter

United Airlines had placed an order for 270 Boeing and Airbus planes worth over $30Bn on Tuesday. As per its chief executive Scott Kirby, the motive behind such a big purchase is to take advantage of the travel boom post-pandemic.

It is the highest aircraft order by United Airlines to date since its entry into the business world. For nearly 18 months, the travel industry has been going through a bad time following the onset of the Coronavirus pandemic.

Now, the covid situation is slowly coming under control. Hence, different nations are relaxing travel restrictions from other countries. And the travel industry is likely to see a boom post-pandemic.

To take advantage of a travel boom, United Airlines had ordered bigger jets to replace the smaller ones. United Airlines is planning to replace Boeing 737 Max planes with smaller jets during 2022-26.

Move Likely to Boost the US Economy

After the completion of the buying process, United Airlines will have bigger planes. Hence, it will sell more premium seats in first-class or extra legroom to gain a bigger profit via travel on a domestic route.

Like other airlines, United Airlines also went through a bad time due to a heavy loss during coronavirus-related lockdowns. And it even had to lay off its 36,000 staff members due to its inability to pay them salaries.

Mr. Scott Kirby has said that this move will help revive the US economy on a large scale. Besides, it will give an impetus to the growth of United Airlines.

In his view, the new aircraft will help in job creation, rise in traveler spending, and the fast shipping of goods & services. The airline expected July to be its first profitable month on a pre-tax basis since January.

It is yet to reveal its quarterly loss during April-June. The reason for it is the slow return of business and international travel. Besides, it plans to build up domestic hubs across airports in Chicago, Denver, and Houston.

Airlines Must Eye Long-Term Competition

Airlines need to make long-term bets to beat the competition in the airline industry. Currently, the domestic market is coming back to its track at a fast speed. Moreover, low-interest rates in the current phase also make every purchase feasible.

Boeing Commercial Airplanes CEO & President Stan Deal has responded positively on this subject. He has lauded United Airlines for showing its confidence in Boeing’s airplanes. He believes it will strengthen the relations between United Airlines and Boeing to a great extent.

Previous Post

Ethiopian Government has Declared Ceasefire After Tigrayan Troops’ Retake on Region’s Capital

Next Post

Mixing Two Covid Jabs from Different Brands Produces a Good Immune Response, Study Says

Helene Davis

Helene Davis

Related Posts

TheNorthernMarkets.com Review Exploring Trading Capabilities & Insights
Business

TheNorthernMarkets.com Review Exploring Trading Capabilities & Insights

February 14, 2025
Why Emotional Intelligence is Important in the Workplace?
Business

Why Emotional Intelligence is Important in the Workplace?

December 29, 2022
Shardul With his Wife
Entertainment

Shardul Singh Bayas: Biography, Family, Career, And More

June 19, 2022
Richard Branson’s Company, Virgin Orbit, to Make its Stock Market Debut Later this Year
Business

Richard Branson’s Company, Virgin Orbit, to Make its Stock Market Debut Later this Year

August 24, 2021
George Whitesides, the Former Virgin Galactic CEO, will be a Part of the Company’s Next Spaceflight Test
Business

George Whitesides, the Former Virgin Galactic CEO, will be a Part of the Company’s Next Spaceflight Test

July 24, 2021
Homebuyers in the US are Finding it Really Difficult to Buy their House
Real Estate

Homebuyers in the US are Finding it Really Difficult to Buy their House

July 14, 2021
The US Housing Market Continues to be Sizzling Hot to Yield Higher Home Prices and Fast Home Selling
Real Estate

The US Housing Market Continues to be Sizzling Hot to Yield Higher Home Prices and Fast Home Selling

June 20, 2021
The US Housing Market is Seeing a Decline in Demand Due to Skyrocketing Prices & Short Supply of Houses
Real Estate

The US Housing Market is Seeing a Decline in Demand Due to Skyrocketing Prices & Short Supply of Houses

May 27, 2021
Next Post
Mixing Two Covid Jabs from Different Brands Produces a Good Immune Response, Study Says

Mixing Two Covid Jabs from Different Brands Produces a Good Immune Response, Study Says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Monte Press

Monte Press

MontePress is all about providing you with the latest and trending news from around the globe.

Categories

  • Animals
  • Art
  • Books
  • Business
  • education
  • Entertainment
  • Environment
  • Food
  • Games
  • Health
  • Lifestyle
  • Nature
  • Plants
  • Politics
  • Real Estate
  • Tech
  • US
  • World
  • Contact Us
  • Privacy Policy

© 2021 MontePress.com

No Result
View All Result
  • Business
    • Real Estate
  • Entertainment
  • Games
  • Health
  • Lifestyle
    • Art
    • Food
    • Books
  • Tech
  • US
  • World

© 2021 MontePress.com