Chicago, Illinois - Despite continued flight cancellations due to ongoing 737 MAX grounding, United Airlines increased its quarterly profit by more than 50% compared with the same period of the previous year.
Boeing's 737 MAX jets have been grounded worldwide since March following two deadly crashes in Indonesia and Ethiopia which killed 346 people.
It is not known when the 737 MAXs will return to the service. Boeing is working on some software upgrades to fix the aircraft's anti-stall system that is believed to be the cause of both accidents.
The fixes must be approved by the International regulators before the aircraft begin the flights again.
The prolonged grounding of the planes forced airlines to cancel thousands of flights by the end of the year.
The operators are looking for solutions to fill the gap in the absence of their 737 MAXs.
Since there is no end in sight to the ongoing grounding of the Boeing's new-generation single-aisle jets, United announced that it signed an agreement to buy 19 used older generation Boeing 737-700. The jets will be delivered to the US carrier in December. The airline currently operates 40 Boeing 737-700.
United Airlines has 14 737 MAX 9 jets in its fleet. On July 13, the airline withdrew the jets from its schedule until November. After two days from the United, another major US carrier American Airlines also announced that it had removed its 737 MAXs from its schedule until early November. American has 24 Boeing 737 MAX jets in its fleet.
United Executives will hold a press conference today at 10:30 a.m. ET, to explain how the 737 MAX grounding would affect its operations through the end of the year.