American Airlines Group Inc. AAL, +2.19% disclosed Wednesday that it amended its firm orders for Boeing Co.’s BA, +4.05% 737 MAX 8 aircraft to 30, with 15 aircraft scheduled for delivery in 2023 and the rest to be delivered in 2024. The increase comes after the air carrier said it amended its purchase agreement dated February 2013, in which American converts purchase options to buy 23 additional 737 MAX 8 aircraft, and said it plans to convert options this year to buy seven more aircraft. The company did not disclose financial terms of the orders. Separately, American disclosed that it deferred the beginning of the delivery of certain 787-9 aircraft to the fourth quarter of 2023 from a previously scheduled delivery beginning in January 2023. The agreement calls for four 787-9 aircraft to be delivered in 2023, with further deliveries to continue into 2027. American’s stock rose 0.7% in premarket trading and Boeing shares tacked on 0.2%. Over the past three months through Tuesday, American’s stock has tumbled 15.1%, while the U.S. Global Jets ETF JETS, +2.03% has shed 4.8% and the S&P 500 SPX, +0.69% has slipped 1.5%.
