This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Boeing, Alaska Airlines Announce Order For Five Next-Generation 737-900ERs

SEATTLE, Sept. 30, 2013 /PRNewswire/ -- Boeing (NYSE: BA) and Alaska Airlines (NYSE: ALK) today announced an order for five additional Next-Generation 737-900ERs (Extended Range). The order, valued at $481 million at list prices, continues Alaska Airlines' investment in its fleet and efforts to improve fuel performance.

"Today's announcement supports our goal of growing Alaska Airlines by 4 to 8 percent a year," said Mark Eliasen, Alaska Air Group's vice president of finance and treasurer. "The 737-900ER is a great aircraft, with the cost efficiency and reliability needed for us to be successful in today's competitive marketplace."

"The order of five additional 737-900ERs is an affirmation of our hometown partner's successful strategy of offering customers good value, delivering a great onboard experience and running an on-time airline," said Brad McMullen, vice president of North America Sales, Boeing Commercial Airplanes. "The 737-900ER offers Alaska Airlines the best seat-mile cost of any single-aisle airplane in production, which is especially important with today's high fuel prices. The interior also complements Alaska's excellent customer service, providing the passengers with a wonderful flying experience."

The largest and newest model in the Next-Generation 737 family, the 737-900ER can carry up to 26 more passengers or fly about 500 nautical miles (926 km) farther than the 737-900. Alaska Airlines operates the 737-900ER in a two-class configuration with 181 seats and features the Boeing Sky Interior.

The Boeing Sky Interior is the latest in a series of enhancements for both airlines and passengers that introduces new lighting and a curving architecture that create a distinctive entry way. Passengers enjoy a more open cabin feel and an environment simulated by light-emitting diode (LED) lighting. The interior also features sculpted sidewalls and newly improved and expanded pivot bins. In addition, all of Alaska's seats will feature outlets providing dual 110-volt and USB power.

The longer range of the 737-900ER can connect distant city pairs across continents, such as Seattle to Orlando, Fla., in a generous two-class configuration. It has substantial economic advantages over competing models, including 6 percent lower operating costs per trip and 4 percent lower operating costs per seat mile.

With today's order, Alaska Airlines now has unfilled orders for 35 737-900ERs and 37 737 MAX airplanes.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs