- United Airlines has one of the oldest mainline fleets in the U.S. airline industry, with an average age of more than 16 years.
- United had $24.3 billion of CapEx commitments as of Sept. 30. It will need to spend even more to meet its fleet replacement needs through 2030.
- With aircraft demand currently depressed (particularly for widebodies), United could secure big discounts from Boeing or Airbus for future orders.
- Even with these potential savings, United Airlines' high CapEx needs will probably prevent it from generating meaningful free cash flow over the next decade.
For further details see:
United Airlines: High CapEx Needs Are A Big Weakness