NEW YORK (AP) – U.S. airlines are continuing to expand their fleets of passenger jets with several major carriers now flying a mix of passenger and cargo jets, and a new breed of aircraft that will allow airlines to take advantage of a growing market of smaller, low-cost aircraft.
The U.K.-based Lufthansa AG, for instance, is adding two more Airbus A320neos to its fleet in the coming months.
Continental Airlines Inc., one of the largest U.A.E. airlines, is also adding four A320s to its roster.
American Airlines Co. is also rolling out a small fleet of new aircraft that have a range of up to 1,000 miles (1,900 kilometers).
Continental’s A320-200 and A320rengenfuehrer, for example, will be used to carry cargo from major U.N. sites in New York and Geneva.
Lufthannansa’s two new A320b variants are expected to be launched in 2020.
Continental has also said it is working with Luftha on a new, smaller A320 model that will be flown in the 2020s.
American is also testing a new A350 model in the U.P.A.’s fleet.
Largest U. S. airlines will also soon be adding new aircraft, including Southwest Airlines Inc. and American Airlines Group Inc. The new aircraft will carry a smaller payload of up 25,000 pounds (16,300 kilograms) than the previous A350.
The smaller A350 is also expected to replace American’s current A350s.
Airline stocks soared on Thursday after U.C. San Diego released preliminary data showing the number of new Boeing 737 MAXs had dropped by 40% in the second quarter of 2019.
The news is good news for the industry, said Chris Johnson, president of Johnson Associates, which tracks airlines.
Johnson expects the numbers will help bolster airlines’ financial position in the near term.
But it could also be bad news for American, which has long struggled to keep up with a growing fleet of smaller planes.
A Boeing 737-800 MAX, for one, is now being used to fly some of the smaller U.L.F. jets.
The U.F.-based airline has said it would be better to sell more planes.
The latest data from U. C. San Marcos also showed the number in service dropped by 13% to 735 planes.
The numbers represent an increase of 2% from a year earlier.