One month after Boeing
Boeing just beat Airbus at Delta Air Lines
According to The Wall Street Journal, Delta has chosen Boeing as sole supplier in a mongo 100-plane order. The planes in question, extra-long 737-900s, are valued in excess of $8 billion (at list prices, at least). This is kind of surprising, actually, given the sales momentum Airbus has achieved in recent months. It's even more surprising when you remember that Delta recently merged with Northwest (a big Airbus customer) and adopted Northwest's boss as its new CEO.
The only downside to this news? Boeing's distressingly long backlog of 737 orders to fill just got 100 planes longer. I bet they're crying ... all the way to the bank.
Fool contributor Rich Smith owns shares of Southwest, and Motley Fool newsletter services have recommended buying shares of Southwest Airlines, too. Try any of our Foolish newsletter services free for 30 days.