Get 40% Off
🚨 Markets Are Down. Unlock Undervalued StocksFind Stocks Now

Alaska Air orders 13 Boeing 737 MAX jets as travel demand rebounds

Published 05/12/2021, 02:56 PM
Updated 05/12/2021, 03:01 PM
© Reuters. FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker

(Reuters) - Alaska Air (NYSE:ALK) Group said on Wednesday it would expand its fleet with 13 orders for Boeing (NYSE:BA) Co 737-9 MAX airplanes and 17 Embraer 175 jets, as the U.S. carrier prepares for bookings to come back after coronavirus vaccinations.

"Alaska expects domestic travel to return to pre-COVID levels by the summer of 2022, which will require more aircraft across Air Group," the company said in a statement.

The orders for the 737-9 MAX are part of Alaska Air's purchase options from December, when it had ordered 23 of the MAX airplanes.

The company expects to take deliveries of nine out of 13 737-9 MAX planes in 2023, and four in 2024.

Alaska Air said the 17 Embraer 175 jets will grow its regional fleet to 111 planes, with deliveries in 2022 and 2023.

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.