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13.10.2019 18:03:00

Boeing and Airbus Order Activity Remained Anemic Last Quarter

Since 2011, Boeing (NYSE: BA) and Airbus (OTC: EADSY) have both reported consistently strong order activity, as the global airline industry has grown rapidly. However, order activity has slowed dramatically for both of the aerospace giants this year. In the first half of 2019, Airbus booked just 88 net firm orders. Meanwhile, the 737 MAX safety crisis hobbled Boeing, which reported negative 119 net firm orders (i.e., more cancellations than new orders) for the first half of the year.This order slowdown continued in Q3. Both aircraft manufacturers reported more orders than cancellations for the quarter, but Airbus' year-to-date order total barely grew, while Boeing is still languishing in negative territory for the year.Boeing started the third quarter in decent fashion, logging orders for 31 wide-body jets in July. A firm deal for 20 787 Dreamliners from Korean Air accounted for the majority of Boeing's orders in the month.Continue reading
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