Airbus Lagging Boeing Badly in 2014 Plane Orders
Boeing released its latest report on airplane orders received and canceled through the end of last month this week. "Gross" orders taken in since the beginning of the year leapt to 275 -- more than twice where these orders stood a month ago.
Airbus , on the other hand, released its results for its sales through the end of March as well -- and Airbus isn't doing nearly as well as its rival.
To date, the European planemaker has booked only:
- 98 "gross" orders for A318, A319, A320, and A321 narrowbody jets.
- 28 orders for larger A330 family aircraft.
- 20 orders for superjumbo A380 jets (unchanged from last month).
- 12 more for the A350 widebody (likewise).
That works out to just 158 gross new orders in all -- 40 more than one month ago, and barely half what Boeing has sold.
Even worse news for Airbus is that for every three plane orders it's taken in, it has lost about one order to cancellation -- 55 so far this year. So far, 11 A319 orders have been cancelled, along with 27 A320s, five A330-300s, and 12 A350-800s.
Result: After subtracting Airbus's 55 cancellations from its 158 new orders, the planemaker is left with a net of only 103 new orders so far this year. Boeing, meanwhile, boasts more than twice as many -- 235 net new orders.
The article Airbus Lagging Boeing Badly in 2014 Plane Orders originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.