American Defers 37 Boeing Jets as Post-Pandemic Recovery Continues
American Airlines Group (NASDAQ: AAL) has worked out a revised delivery schedule with Boeing (NYSE: BA), deferring 37 jets as it seeks to ride out a drop in travel demand due to the pandemic.
American in a regulatory filing said that eighteen 737 MAX jets originally expected to be delivered this year and in 2022 will instead arrive in 2023 and 2024. It is also pushing back delivery on a number of 787 Dreamliners. Fourteen 787-8 airplanes expected to be added to the fleet this year will instead arrive by the end of the first quarter of 2022, and an additional five aircraft will be converted to a different version of the 787 for delivery in 2023.
Image source: American Airlines.
Source Fool.com
