United Airlines Orders 300 GEnx Engines for 787 Dreamliners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 22 2024
0mins
Should l Buy UAL?
Source: Newsfilter
United Airlines' stock rose by 5.02% as it crossed above the 5-day SMA, reflecting positive market conditions.
The airline has announced a significant order of 300 GEnx engines from GE Aerospace for its Boeing 787 Dreamliners, which will increase its fleet of GEnx-powered aircraft to over 200. This positions United as the largest operator of GEnx engines globally, enhancing its competitive edge in the aviation market. The advanced technology of the GEnx engines, which boasts a 99.98% dispatch rate, is expected to drive future growth for both United and GE Aerospace.
This strategic move not only strengthens United's operational capabilities but also reinforces its long-standing partnership with GE, indicating a robust outlook for the airline's performance in the competitive aviation sector.
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Analyst Views on UAL
Wall Street analysts forecast UAL stock price to rise
16 Analyst Rating
15 Buy
1 Hold
0 Sell
Strong Buy
Current: 114.020
Low
115.00
Averages
139.07
High
156.00
Current: 114.020
Low
115.00
Averages
139.07
High
156.00
About UAL
United Airlines Holdings, Inc. is a holding company. The Company transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The Company, through United Airlines, Inc., and its regional carriers, operates across six continents, with hubs at Chicago O'Hare International Airport (ORD), Denver International Airport (DEN), George Bush Intercontinental Airport (IAH), Los Angeles International Airport (LAX), Newark Liberty International Airport (EWR), San Francisco International Airport (SFO), Washington Dulles International Airport (IAD) and A.B. Won Pat International Airport (GUM). Its hub and spoke system allow it to transport passengers between a large number of destinations with frequent services. The Company has contractual relationships with various regional carriers to provide regional aircraft service branded as United Express. It provides freight and mail transportation services (Air Cargo).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Largest Operator Status: This agreement positions United as the largest GEnx operator globally, further solidifying its long-standing relationship with GE Aerospace and demonstrating the airline's commitment to fleet modernization.
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- Long-Term Partnership: GE Aerospace's relationship with United Airlines dates back to 1968, and this deal further deepens their collaboration, showcasing GE's technological prowess and market influence in the aerospace engine sector.
- Significant Technical Advantages: The GEnx engine features advanced materials and cutting-edge technologies, delivering greater durability and reliability, with a 99.98% dispatch rate that meets airlines' demands for high-performance engines.
- Impressive Future Deliveries: This order brings GE Aerospace's future GEnx deliveries to nearly 1,800 engines plus spares, indicating strong demand and growth potential in the global aviation market.
See More
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- World's Largest Operator: This agreement positions United Airlines as the largest operator of GEnx engines globally, highlighting the decades-long partnership between GE Aerospace and United, which is expected to drive future business growth for both parties.
- Significant Technical Advantages: The GEnx engine features advanced materials and cutting-edge technologies that provide greater durability and reliability, with a 99.98% dispatch rate, giving it a significant competitive edge in the aviation market to meet customer demands for high performance.
- Substantial Future Deliveries: This order brings GE Aerospace's future GEnx engine deliveries to nearly 1,800 engines, plus spares, further enhancing GE's leadership position in the aircraft engine market and is expected to generate substantial revenue growth for the company.
See More
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- Significance of the Deal: This selection marks a significant step in United's efforts to enhance its aircraft performance and efficiency.
See More
