Airbus has reported an 11% drop in first-quarter deliveries and announced the sale of four A350 freighters to an undisclosed customer on Tuesday. The company confirmed that it delivered 127 airplanes in the first quarter, representing a decrease from 142 during the same period last year. This drop in deliveries is attributed to industrial factors and adjustments related to Russia sanctions earlier in 2022.
A350 Deliveries Dip, Orders Received for 20 Airplanes in March
The first-quarter deliveries included a notable two-thirds decline in A350 handovers, with only five aircraft delivered during this period. These figures align with the detailed numbers published by Reuters on Friday. Industry insiders stated that deliveries fell short of an informal target in the high 130s, setting the stage for a 12-week push to stabilize the trajectory by mid-year. At that time, Airbus is expected to either confirm or review its annual target of 720 airplanes.
In March, Airbus secured orders for 20 airplanes, bringing the gross total for the year to 156 airplanes or a net total of 142 units after accounting for cancellations. These orders included a previously announced agreement for 15 A350s by Lufthansa and four A350 freighters, the buyer of which remains undisclosed.
Future Implications and Market Outlook
The drop in first-quarter deliveries for Airbus may pose challenges for the company as it strives to meet its annual target. However, the recent orders for A350s and A350 freighters signal continued demand for Airbus aircraft. As the company works to stabilize its delivery trajectory in the coming months, it will be crucial to monitor how these efforts impact the overall market outlook and Airbus’s position within the global aviation industry.
Airbus experienced a drop in first-quarter deliveries, primarily attributed to industrial factors and Russia sanctions-related adjustments. Despite this decline, the company remains optimistic as it focuses on stabilizing its delivery trajectory by mid-year to meet its annual target. With recent orders for A350s and A350 freighters, Airbus continues to demonstrate its stronghold in the global aviation market. The company’s ability to adapt and navigate these challenges will be essential for maintaining its position as the world’s largest planemaker and meeting the needs of its customers in a constantly evolving industry.
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