Bloomberg: United Continental plans to review $12.4B Airbus jet order

|About: United Continental Holdings... (UAL)|By:, SA News Editor

United Continental (UAL -0.4%) is considering whether to alter a $12.4B order for Airbus' (OTCPK:EADSF, OTCPK:EADSY) largest twin-engine jets, and is studying a swap of Boeing’s (BA -0.4%) smallest 737 for a longer version still on the drawing board, CFO Andrew Levy tells Bloomberg.

UAL may convert some of the Airbus A350-1000s to smaller long-haul models, and is considering the Max 10X, a stretch of Boeing’s largest 737, to replace some of the single-aisle jet orders it recently deferred as part of a cost-savings push.

Levy also says UAL is rethinking its share buybacks after announcing a $2B repurchase plan this summer that followed a $3B effort last year, explaining that the pace may need to slow because of increases in labor expenses from several new union contracts as well as rising fuel costs.