Come January each year, aviation enthusiasts are always on the look-out for results of performance of Aircraft manufacturers. Especially so from the two giants: Namely, Â Airbus & Boeing, the world’s largest manufacturers of commercial aircraft.
While both also focus to defence & space products, Â the commercial aviation products generate some of the most interest for analysts. With Airbus having released their 2020 presentation, Travel Radar takes a look.
Airbus Results as a Snap-Shot Indicates its Resilience in the Pandemic
- 566 commercial aircraft deliveries, 34 percent fewer than in 2019, in line with adaptation plan
- 383 new aircraft orders, 268 net orders, 7,184 aircraft in backlog
Finally, the World of Wide-Bodies are shrinking
Annual results of Airbus are to be announced on the 18th of February. Â However, the recent press release indicates a strong market for the narrow-body aircrafts with single-aisle. Â Wide-body aircrafts are in lesser demand. Â This applies to Boeing as well whose thrust area is for the 737-MAX. Â TR will discuss about Boeing’s performance & results soon.
Results Indicate That The Bombardier Acquisition Worked Well for Airbus
When it comes to the A220 model, single-aisle, short-range aircraft, Â Airbus has secured orders of 64 aircrafts in 2020 confirming its leadership in its category.
Another interesting factor is about the popular A320 series of Airbus. Â While the A320 (fly-by-wire) technology is one of the world’s best selling aircraft in the single-aisle medium range category, Â Airbus has delivered very good results by booking a total of 296 firm orders for the A320 family. Â This also includes orders for the A321XLR (Extra Long Range) at 37.
Airbus 2020 Deliveries Demonstrate Positive Outlook for the Aviation Market
Whilst, the order for the wide-bodied aircraft stood at 44 in total. Â A330 family received 23 new orders and the latest A350 series received 21 new orders. Â Considering the Pandemic’s impact, Â this is reasonably a strong performance for Airbus. Â After 115 cancellations by the end of 2020, Airbusâ€™ backlog stood at 7,184 aircraft
Airbus will report Full Year 2020 financial results on 18 February 2021.
Watch this space for more information & analysis as other manufacturers release their presentations!