Airbus Beats Boeing in Orders Race, Then Sees Those Orders Evaporate
Boeing released its latest report on airplane orders received and canceled through mid-March this week, showing 117 "gross" orders taken in since the beginning of the year.
Airbus , which updates its results less frequently than Boeing does, has released results for its sales through the end of February only. Yet even so, the European plane maker appears to be off to a faster sales start than Boeing in 2014.
To date, the European planemaker has booked:
- 71 "gross" orders for A321 narrowbody jets
- 14 orders for slightly larger A321 narrowbodies
- a single order for a narrowbody A319ceo for Tibet Airlines.
Also taken in were orders for larger A350s and A380s:
- 20 orders for superjumbo A380 jets and
- 12 more for the A350 widebody.
So, 118 gross new orders in all. The bad news for Airbus is that if it's taking in orders faster than Boeing, it's also losing the orders it's already accumulated at a faster pace. Cancellations so far this year include 27 A320 narrowbodies and 11 A319s (from sales booked in previous years).
Result: After subtracting Airbus's 38 cancellations from its 118 new orders, the plane maker is left with a net of only 80 new orders so far this year. Boeing, meanwhile, boasts 105 net new orders.
The article Airbus Beats Boeing in Orders Race, Then Sees Those Orders Evaporate originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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