Airbus (NASDAQOTH:EADSY), 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 A320 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.
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