American Plays Catch-Up Big Time With Boeing 787 Order

In addition to announcing earnings today, American Airlines announced that it has entered into a purchase agreement with Boeing, under which American intends to acquire an initial 42 Boeing 787-9 aircraft scheduled for delivery beginning in 2012 and ending in 2018, with the right to purchase up to 58 additional 787 aircraft that may be scheduled for delivery beginning in 2015 and ending in 2020.