🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Airbus confirms deliveries rose 28% in first half of 2019

Published 07/09/2019, 03:30 PM
Updated 07/09/2019, 03:36 PM
Airbus confirms deliveries rose 28% in first half of 2019
BA
-
AIR
-
ICAG
-

PARIS (Reuters) - Airbus confirmed on Tuesday that its deliveries rose by 28% in the first half of the year, putting it ahead of Boeing (N:BA) for the first time in eight years as the U.S. planemaker sees no immediate end to the grounding of its 737 MAX.

Airbus (PA:AIR) said it delivered 389 aircraft in the first half, confirming a figure first reported by Reuters on Friday.

Boeing (N:BA) reported a 37% drop in deliveries for the first half on Tuesday, due to the grounding of its best-selling jet in the wake of two fatal crashes.

Reuters reported last week that the first-half total of 389 aircraft would put Airbus on course to beat Boeing in 2019 but leave it with a record production task in the second half amid continued industrial snags at a Hamburg plant.

Les Echos reported on Monday that Airbus was shaving an internal delivery target, while maintaining its published guidance of 880-890 aircraft for 2019.

Airbus posted 88 net orders for the first half, easily outpacing Boeing which had a negative net total of 119 aircraft because it had more cancellations than orders during the period.

The European company was ahead on orders of narrow-body jets such as the newly launched A321XLR, which got its commercial debut with a stronger than expected tally at last month's Paris Airshow, but remained behind on larger wide-body models.

Airbus posted 123 net narrow-body orders in the first half, compared with Boeing's minus 180, while Boeing won the wide-body category with a positive total of 61 orders against Airbus' negative tally of 35 wide-bodies after cancellations.

The figures do not include a surprise letter of intent for 200 Boeing 737 MAX planes announced by British Airways owner IAG (L:ICAG) at last month's Paris air show.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.