United Airlines has agreed to purchase 15 airplanes, which are estimated to carry passengers by 2029. Author: Erin McHugh Updated: 8:56 AM EDT June 3, 2021
WASHINGTON United Airlines on Thursday agreed to purchase supersonic jets to add to its fleet.
The Chicago-based company signed a commercial agreement with Denver-based aerospace company Boom Supersonic to purchase 15 Overture airliners, with the option to purchase 35 more.
United Airlines said the planes are slated to roll out by 2025, fly in 2026 and potentially carry passengers by 2029.
The Overtures, which haven t been built yet, are expected to fly at Mach 1.7. United Airlines said this essentially would cut travel times in half. A typical 11-hour flight from San Francisco to Tokyo would only take about 6 hours with the new planes.
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United Airlines on Thursday will launch the first of its previously announced flights to four new leisure destinations from the Cincinnati/Northern Kentucky International Airport (CVG).
The first of the new nonstop flights is scheduled to depart CVG at 10:15 a.m. for
Pensacola, Fla., according to a press release.
United will follow up that flight with new service to
Hilton Head, S.C., scheduled to take off from CVG at 1:37 p.m.
On Friday, the airline will begin service from the local airport to
Portland, Maine, at 8:35 a.m., and Charleston, S.C., at 2:30 p.m.
Each new flight will operate three days a week and complement United s existing year-round and seasonal service to the following cities:
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Shares of United were up 5% in morning trading, leading the S&P 500 higher.
United said total revenue per available seat mile, a gauge of how much revenue airlines are bringing in compared with its capacity, would be down 12% for the second quarter from previous guidance of about a 20% decline. Weak business travel demand is weighing on yields overall, though those are close to 2019 levels, United said.
United expects to get to post positive adjusted earnings before interest, taxes, depreciation and amortization in the third quarter and narrower losses for the second quarter.
U.S. airport screenings have returned to pre-pandemic volumes but are still low for this time of year. On Monday, the Transportation Security Administration said it screened 1.86 million people compared with 2.1 million on the same date in 2019 and just 267,451 last year.