American Airlines is buying the 787-9 jets as part of a move to improve the fuel efficiency of its fleet. The order has an estimated price of about $5.3 billion.
DALLAS — American Airlines says it will buy 42 Boeing 787-9 jets as part of a move to improve the fuel efficiency of its fleet.
The order announced today has a total list price of about $8.2 billion; the estimated actual price, based on data from aircraft valuation firm Avitas, is about $5.3 billion.
American said it expects to get the planes delivered from 2012 through 2018.
The airline says it has rights to buy up to 58 more of the planes later on.
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American is the nation’s largest airline, and about half its fleet is composed of fuel-guzzling MD-80 series jets. That became a big disadvantage when jet fuel spiked over $4 a gallon this summer.
The carrier’s parent, AMR, today reported a third-quarter profit of $45 million, down from $175 million in the year-ago period.
But without a one-time gain from the sale of an investment subsidiary and other items — as analysts view companies — AMR would have lost $360 million, or $1.39 a share.
Analysts expected the company to lose $1.40 a share, according to a survey by Thomson Reuters.
Revenue rose to $6.42 billion from $5.95 billion a year ago. Analysts expected $6.34 billion for the quarter that ended Sept. 30.
AMR stock was up 44 cents at $9.23 at midday in New York. Boeing stock was down 66 cents at $44.41.