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Delta Air Lines (NYSE: DAL) said on Monday it is buying 100 Boeing Co (NYSE: BA) 737 Max 10 planes, its biggest order from the manufacturer in more than a decade.
The US airline said the order will help modernize its single-aisle fleet to meet demand as well as its long-term sustainability goals.
"These new aircraft provide superior operating economics and network flexibility, and the agreement reflects our prudent approach to deploying our capital," said CEO Ed Bastian.
Shares of Boeing climbed more than 3% in morning trading, while Delta shares soared more than 4%.
Delta had said earlier that high travel demand would help the airline combat soaring oil prices and it also expects returning to profitability in the second quarter.
The order is worth $13.5 billion at list prices and the deliveries are expected to begin in 2025.
The order comes as relief for Boeing as Airbus recently secured an important order of over 300 jets from China.
Picture Credits: Getty Images
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