Robert Besser
13 Apr 2021, 21:38 GMT+10
LEIDEN, Netherlands: Airbus reported a surprise surge in deliveries in March and a slight increase in deliveries in the first quarter to 125 aircraft, amid a rebound in air travel in China and the United States.
While Airbus reported 39 orders, including a recent deal for 20 A220s with an unidentified buyer, its net orders, adjusted for cancellations, remained in the negative zone at minus 61, due to a mass cancellation by Norwegian Air the previous month, Reuters reported.
Airbus shares rose more than 2 percent on news of the deliveries.
According to analysts, the jump in March deliveries puts Airbus on track to meet its full-year target of supplying 566 aircraft, the same as in 2020.
Suppliers have said Airbus has set a target of delivering more than 600 aircraft this year.
However, Airbus has again produced more aircraft than it has delivered in the first quarter, with over 100 jets remaining at its factories as beleaguered airlines try to economize spending.
Stifel analyst Harry Breach has estimated a $1-billion build-up in the Airbus inventory.
Recent data has also highlighted a new trend, wherein buyers are upgrading orders from the 150-seat A320neo to the larger 200-seater A321neo.
Leasing company Avolon has ordered eight single-aisle aircraft from Airbus, but cancelled eight others and revised some orders in favor of different variants, thereby leaving orders unchanged, in terms of volume.
Some Chinese airlines or lessors, which had not been identified earlier, have also emerged as buyers of single-aisle aircraft, again leaving the order tally unchanged.
According to analysts, offering guidance for the remainder of the year, attention would shift to production plans amid lingering concerns of a third COVID wave in Europe and a slump in long-distance travel, even as travel revives in the US and China.
Agency Partners analyst Sash Tusa has predicted that the production increases in single-aisle aircraft planned by Airbus - from 40 per month to 43 in the third quarter and 45 in the fourth - could be delayed by three months or more.
Get a daily dose of Sierra Leone Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sierra Leone Times.
More InformationNEW YORK, New York - U.S. stocks rebounded on Friday, a day after major across-the-board sell-offs."Consensus estimates for 2022 and ...
GENEVA, Switzerland: Swiss pharmaceutical group Novartis has said, as part of its previously announced restructuring program, that it could cut ...
SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...
SYDNEY, NSW, Australia - Stocks in Asia skidded lower Friday with all the major indices recording solid losses."Capitulation is the ...
ISLAMABAD, Pakistan - Given the country's ongoing economic crisis and acute fuel shortage, the Pakistan government is considering purchasing oil ...
WASHINGTON, D.C.: Amidst the rise of "re-fracs" in the U.S. as part of the efforts to boost domestic oil production, ...
Hit sitcom's co-creator Marta Kauffman has pledged $4 million to an African studies program as penanceWracked with guilt over the ...
?Friends? co-creator Marta Kauffman has pledged $4 million to an African studies program as penanceWracked with guilt over the hit ...
Mexico's Carlos Ortiz fired a 5-under-par 67 to take the first-round lede of the LIV Golf Invitational Portland on Thursday ...
J.T. Poston used an eagle and seven birdies to fire a 9-under-par 62 on Thursday and take the first-round lead ...
KHARTOUM, Sudan - Seven protesters were shot to death in Sudan on Thursday, medics said, as large crowds took to ...
CHIFRA, ETHIOPIA - The battles between Ethiopian government-aligned troops and Tigrayan forces may have stopped, but herders in western Afar ...