Airbus has reported an impressive rise in the delivery of airplanes during the first seven months of the year. Airbus announced on Friday that there had been an 11% increase, bringing the total number of deliveries to 381 airplanes.
A Steady Climb in Deliveries
The monthly commercial update from Airbus confirmed a report from Reuters, stating that the number of aircraft deliveries stood at 65 for July alone. Despite a slow start at the beginning of the year, Airbus has seen an escalation in the pace of deliveries since May. The company is aiming to hit a target of 720 deliveries for the year.
Airbus reaffirmed this delivery goal during their half-year earnings report last week. However, the company withdrew an interim target for underlying output of 65 narrow-body jets per month by the end of 2024, a significant increase from the current output of around 47.
A Rising Tide of Orders
In terms of orders, Airbus shared that they had booked 60 gross orders in July. This included previously announced deals with Pegasus Airlines for an additional 36 jets and with Icelandair for 13 A321XLRs, Airbus’s latest single-aisle model.
Throughout the year, Airbus has recorded 1,140 gross orders, or 1,101 after cancellations. This influx of orders has primarily been driven by a record demand from India.
Also added to the list of new orders were a total of 10 A350-900 long-haul jets from undisclosed buyers and one from IAG for Iberia. Last week, IAG stated that it was turning options for six Boeing 787-10 held by British Airways and one Airbus A350-900 held by Iberia into firm orders. They also revealed plans to take out new options for an additional six 787-10.
A Backlog of Orders and Cancellations
While Airbus is experiencing a surge in orders, there have also been a few cancellations. Data from Airbus showed that three A350-900 jets had been canceled, with the name of the buyer never having been disclosed.
Roughly 7% of the outstanding Airbus order backlog, which is nearly 8,000 jets, remains unidentified. This is in addition to 17 privately-owned planes that have yet to be delivered.
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