Airbus and Boeing Report April 2018 Commercial Aircraft Orders and Deliveries

Deliveries slow as Boeing secures major American Airlines Dreamliner order

by J. Kasper Oestergaard, European Correspondent.

On April 10, 2018, American Airlines placed an order for 47 Boeing 787 Dreamliners, including options for 28 additional aircraft. At the same time, American Airlines canceled an old US Airways order for 22 Airbus A350-900s. (Boeing illustration) (PRNewsfoto/Boeing)

Boeing and Airbus delivered 44 and 51 commercial jets in April 2018, respectively, compared to 52 and 46 deliveries during the same month last year. April is traditionally a slow month for deliveries. In 2017, Boeing delivered 763 jets (748 in 2016), in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016).

In April 2018, Boeing delivered 34 737s (of which 10 were 737 MAXs), well below the current monthly rate of 47 jets. The company also delivered one 767, one 777, and eight 787s. Boeing raised its 737 production rate to 47 per month in Q3 2017 from 42 previously and will increase it further to 52 during 2018. Boeing plans a further increase to 57 737s per month next year. Boeing delivered 228 aircraft in the first four months of the year and is seven jets ahead of last year’s delivery figures. In April 2018, Airbus delivered 36 A320s (19 ceo / 17 neo), four A330s, eight A350s, and three A380s. Airbus delivered 172 aircraft in the first four months of the year and is trailing last year’s delivery figures by 10 jets.

Airbus continues to struggle with late deliveries of engines from Pratt & Whitney and CFM International for the A320neo family of aircraft. Despite the difficulties, Airbus confirmed its full-year outlook when it reported first quarter 2018 financial results in April. Airbus’ CEO, Tom Enders, stated that dozens of A320neo aircraft are sitting on the tarmac in Toulouse and Hamburg awaiting their engines. A total of 181 A320neo family aircraft were delivered in 2017 vs. Airbus’ forecast of 200, up from 68 during 2016. By mid-2019, Airbus expects to be delivering 60 A320 jets per month. In December 2017, former Chief Operating Officer Fabrice Bregier even indicated that there is enough demand for Airbus to be producing as many as 70 A320 jets per month. The company has internally been debating rates beyond 60 for some time now. Airbus plans to deliver up to 120 A350s (all variants) in 2018, when the production rate will hit 10 per month. Airbus is considering a further increase to 13 A350s per month in 2019. On February 20, 2018, Airbus delivered the world’s first A350-1000 widebody airliner to launch customer Qatar Airways. Furthermore, on February 28, Airbus rolled out the first A350-900 Ultra Long Range variant. The ramp up of A350 XWB deliveries combined with a higher A320 production rate means that the company is narrowing Boeing’s deliveries lead and could surpass its top rival by 2019 or 2020.

In April 2018, Boeing announced that it plans to increase its 767 production rate from 2.5 jets per month to 3 jets per month beginning in 2020. This is due to strong air cargo growth, which has increased demand for Boeing’s 767-300F variant.

In April 2018, Boeing logged 78 gross orders (minus 31 cancellations => net of 47). Boeing’s April bookings included an order for 30 737 MAX jets for Russia’s UTair Aviation as well as two large 787 Dreamliner orders, including orders for 25 787-9 jets for American Airlines and 22 787-8 jets for Boeing Capital Corporation (BCC), which is Boeing’s leasing business. The 22 BCC 787-8 jets are earmarked for American Airlines. On April 6, American Airlines announced it had canceled an old US Airways order for 22 Airbus A350-900 jets and instead ordered 47 Boeing 787 Dreamliners.

Airbus’ April bookings totaled 68 gross orders (minus 27 cancellations => net of 41). Airbus booked two orders from Scandinavian Airlines (SAS): one for 35 A320neos and another for a single A330-300. SAS also plans to lease 15 additional A320neos. Airbus also booked a rare order for its smallest narrowbody variant, the A319, when, on April 20, an undisclosed customer ordered 22 A319neos and five A319ceos. Despite being well behind Boeing in this year’s orders race, Airbus has retained an order lead over its rival every year since 2012. In 2017, just as Boeing looked set to win the orders race, Airbus finished the year on a very high note and reported a full- year intake of 1,109 net new orders, ahead of Boeing’s 912.

Airbus’ order backlog as of April 30 stands at 7,179 jets (of which 6,109, or 85%, are A320ceo/neo family narrowbodies), ahead of Boeing’s backlog of 5,904 aircraft (of which 4,673, or 79%, are 737 NG/MAX narrowbody jets). Boeing’s backlog set a new all-time high in April, surpassing the previous record of 5,901 jets set last month. Airbus is 85 jets below its all-time record backlog of 7,265 set in December 2017. The number of Airbus aircraft to be built and delivered represents a 10-year backlog at the 2017 production level. In comparison, Boeing’s backlog would “only” last 7.7 years. Airbus booked 1,109 net new orders in 2017, resulting in a book-to-bill ratio of 1.54. Boeing booked 912 net new orders in 2017, for a book-to-bill ratio of 1.20. In 2018 to date, Boeing boasts a book-to-bill ratio of 1.18 (1.20 in March), with Airbus at 0.50 (0.37 in March).

2018 Forecast

Forecast International’s Platinum Forecast System® is a breakthrough in forecasting technology. Among many other features, Platinum provides 15-year production forecasts. The author has used the Platinum Forecast System to retrieve the latest delivery forecasts.  For 2018, Forecast International’s analysts expect Boeing and Airbus to deliver 801 and 775 large commercial jets, respectively. These are the latest “live” forecast figures (adjusted frequently by FI analysts as new information comes in). These figures exclude militarized variants of commercial platforms such as Boeing’s P-8 Poseidon, KC-46 Tanker and C-40 Clipper and Airbus’ A330 MRTT tanker program.

In late January 2018, Boeing reported that it expects to deliver 810-815 commercial aircraft during 2018 (including militarized variants of commercial jets). On February 15, 2018, Airbus announced that it expects to deliver around 800 commercial jets this year (including militarized variants of commercial jets), but at the same time emphasized that it depends on engine manufacturers meeting commitments.

Please feel free to use this content with Forecast International and analyst attributions, along with a link to the article. Contact Ray Peterson at +1 (203) 426-0800 or via email at ray.peterson@forecast1.com for additional analysis.


The Forecast International Civil Aircraft service covers all facets of the fixed-wing commercial and private aviation industry. It includes more than 70 detailed reports, complete with production forecasts on individual civil aircraft families. Four Market Segment Analyses provide in-depth examination of the markets for Large Commercial Jet Transports, Regional Aircraft, Business Jets, and General Aviation/Utility Aircraft. Included in the reports are production forecasts, a Forecast Rationale detailing the basis for the forecast, the aircraft’s price range and technical specifications, a program history, and recent developments.Forecast FI Logo

References:

http://www.boeing.com/commercial/#/orders-deliveries

http://www.airbus.com/company/market/orders-deliveries/

http://boeing.mediaroom.com/2018-04-06-Boeing-American-Airlines-Sign-Major-Order-for-47-787-Dreamliners

https://www.seattletimes.com/business/boeing-aerospace/boeing-reports-strong-earnings-and-plans-increase-in-767-production/

https://www.reuters.com/article/us-sas-airbus/sas-boosts-fleet-with-50-airbus-a320neo-jets-idUSKBN1HH0X6

https://www.bloomberg.com/news/articles/2018-04-27/airbus-feeling-heat-from-engine-woes-as-deliveries-tumble

 

Airbus and Boeing Report March 2018 Commercial Aircraft Orders and Deliveries

Boeing Flexes Muscles and Delivers Record 91 Jets in One Month

by J. Kasper Oestergaard, European Correspondent.

Boeing had a banner month on all fronts. On March 25, the company celebrated its first delivery of the largest Dreamliner variant, the 787-10. Also in March, Boeing delivered a record 91 jets, booked 221 net new orders, beat its all-time backlog record, and delivered the 10,000th 737. Photo Courtesy: The Boeing Co.

Boeing and Airbus delivered 91 and 56 commercial jets in March 2018, respectively, compared to 74 and 62 deliveries during the same month last year. In 2017, Boeing delivered 763 jets (748 in 2016). in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading

Dassault Quickly Replaces Falcon 5X with Larger, Longer-Range Falcon 6X

By Ray Jaworowski, Senior Aerospace AnalystForecast International.

Dassault Falcon 6X. Source: Dassault Aviation

Dassault moved quickly to replace its canceled Falcon 5X business jet with the new Falcon 6X, a larger and longer-range aircraft targeted at roughly the same portion of the market that the 5X had been.  In December 2017, Dassault canceled development of the 5X, and began the process of terminating its contract with Safran for the supply of Silvercrest engines to power the aircraft.  At the same time, still seeing a market need for a new aircraft in this niche, Dassault announced a new, then-unnamed Falcon business jet.  In February 2018, this new aircraft received the name Falcon 6X. Continue reading

Spirit AeroSystems Set to Expand Fabrication and Defense Portfolio

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

With its restructuring a resounding success, Spirit AeroSystems is investing in growing its core operations to meet demand.

As Spirit AeroSystems’ fortunes mirror those of Boeing (which accounts for about 80 percent of its revenues), the current production ramp-ups are good news.  Backlog remains high at Boeing, and the announced production rate increases on such aircraft as the 737 will only funnel more work to Spirit.  In addition, Boeing’s decision to pursue the 737 MAX – in which Spirit will play a significant role – will continue to add to the backlog. Continue reading

Airbus Navigates through a Challenging Year and Lands with a More Stable Outlook

by Richard Pettibone, Aerospace & Defense Companies Analyst, Forecast International.

A380. Source, Airbus

Airbus had quite the tumultuous year, with corruption investigations, aircraft delivery delays due to engine issues, doubts over the A380’s future, and financial penalties associated with its A400M airlifter.  Despite the difficulties, the company did score a major win during the year with its surprise acquisition of a majority stake in Bombardier’s CSeries program. The year ahead looks to be one of transition as management changeover at the top level continues apace. Continue reading

Airbus and Boeing Report February 2018 Commercial Aircraft Orders and Deliveries

Rare Orders for 747-8s and A380s the Highlights of the Month

by J. Kasper Oestergaard, European Correspondent.

On February 1, 2018, UPS ordered 14 747-8 Freighters and four 767-300Fs. The company currently has a fleet of 16 747s and 61 767s and operated a total of 241 jets at the end of 2017. Photo: The Boeing Co

 

Boeing and Airbus delivered 49 and 38 commercial jets in February 2018, respectively, compared to 51 and 49 deliveries during the same month last year. Given that Airbus and Boeing expect major delivery hikes this year, it is surprising that both companies are trailing last year’s figures. In 2017, Boeing delivered 763 jets (748 in 2016), in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading

Medium/Heavy Military Rotorcraft Market Stabilizing

By Ray Jaworowski, Senior Aerospace AnalystForecast International.

Boeing and Sikorsky’s Future Vertical Lift (FVL) concept. Source: Boeing

Data from Forecast International’s unique Platinum Forecast System underscores the importance of the medium/heavy military rotorcraft segment to the world’s rotorcraft manufacturers.  Over the next 15 years, from 2018 to 2032, the medium/heavy military sector will be the largest segment of the world rotorcraft market in terms of monetary value, and second only to the light civil rotorcraft segment in terms of unit production. Continue reading

Airbus, Boeing January Commercial Aircraft Orders and Deliveries & 2018 Forecast

Both Companies Report Weak Numbers As Expected Following Wild December Surge

by J. Kasper Oestergaard, European Correspondent.

On February 13, the Airbus A321LR marked a new milestone by completing a nonstop Paris-New York flight – demonstrating its ability to serve new markets and operate on North Atlantic routes. The A321LR has the longest range of any single-aisle commercial aircraft and is able to fly 4,600 miles nonstop. Photo Courtesy of Airbus SAS

Boeing and Airbus delivered 44 and 27 commercial jets in January 2018, respectively, compared to 44 and 25 deliveries during the same month last year. Following the traditional December deliveries surge, weak delivery figures were expected last month. In 2017, Boeing delivered 763 jets (748 in 2016), in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading

India’s Illusory Defense Budget Hike

by Dan Darling, International Military Markets Analyst, Forecast International.

India’s Finance Minister Arun Jaitley unveiled the government’s fiscal year 2018 Union Budget on February 1. Included within the budget is a year-on-year nominal increase of 5.91 percent for defense. The latest outlay marks the fourth consecutive increase by the government of Prime Minister Narendra Modi and pushes India’s topline defense budget from its 2017 revised estimate of INR2.79 trillion ($43.6 billion) up to INR2.96 trillion ($46 billion) for 2018. Continue reading

Airbus, Boeing Report December and Full-Year 2017 Aircraft Orders and Deliveries

Boeing Wins by Deliveries as Airbus Takes Orders Crown in Wild Year-End Finish

by J. Kasper Oestergaard, European Correspondent.

A record order for 430 A320neo family jets announced at the Dubai Air Show in November 2017 – and firmed up after Christmas – helped Airbus win the orders race in 2017. Photo: Airbus SAS

Boeing and Airbus delivered a record 83 and 127 commercial jets in December 2017, respectively, compared to 67 and 111 during the same month last year. In all of 2017, Boeing delivered 763 jets (748 in 2016) in line with company expectations, while Airbus surpassed its delivery target of 700 jets by handing over 718 aircraft during 2017 (688 in 2016). Continue reading