United to review aircraft order

Eleanor Steed
By Eleanor Steed December 1, 2016 18:24

United to review aircraft order

Speaking to Bloomberg, CFO Andrew Levy has stated that United Continental is considering altering a $12.4bn order for A350-1000s to smaller long-haul models, and is studying an order for the 737 Max 10X, the longer version still on the drawing board.

Levy also says UAL is rethinking its share buybacks after announcing a $2bn repurchase plan this summer that followed a $3bn effort last year, explaining that the pace may need to slow because of increases in labor expenses from several new union contracts as well as rising fuel costs.

Eleanor Steed
By Eleanor Steed December 1, 2016 18:24