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Airbus Loses Half Its New Orders to Cancellation in January

By Rich Smith – Feb 15, 2014 at 9:45AM

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10 orders were taken in, but five orders were lost.

Boeing (BA 2.01%) released its latest report on airplane orders received and canceled through the first six weeks of 2014 this week, showing no improvement since January. Airbus (EADSY -0.30%), meanwhile, reported its results for January only -- and the news wasn't much better.

To date, the European planemaker has booked only:

  • Seven "gross" orders for its conventionally engined A321ceo narrowbody, ordered by American Airlines (AAL 0.56%)
  • Two orders for the new A350 XWB, specifically, A350-900s to be bought by Libyan Airlines
  • A single order for a narrowbody A319ceo for Tibet Airlines. 

After subtracting the five cancellations of A319ceo and A320ceo jetliners, this therefore leaves Airbus with only five net new plane orders for the first month of the year. Against that, Boeing's total of 35 net new orders booked in the month (and also year-to-date) looks pretty good.

In related news, Airbus confirmed that it made 39 deliveries in January, or four more planes than it delivered in January 2013, a fact that Airbus says demonstrates "the company's higher output rates."

Rich Smith and The Motley Fool have no position in any of the stocks mentioned. 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.

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