Market Intelligence: -Airline Aircraft Orders

Global Aircraft Manufacturer, Boeing, Delivers 136 Commercial Airplanes, Books 460 Net Orders in 2Q 2023

Global aircraft manufacturer and United States headquartered the Boeing Company recorded second quarter revenue of $19.8 billion. Second quarter results reflect higher commercial volume.

“We had a solid second quarter with improved deliveries and strong free cash flow generation. We are well positioned to meet the operational and financial goals we set for this year and for the long term,” said Dave Calhoun, Boeing president and chief executive officer. “While we have more work ahead, we are making progress in our recovery and driving stability in our factories and the supply chain to meet our customer commitments. With demand strong, we’re steadily increasing our production rates across key programs and growing investments in our people, products and technologies.”

Summary of the report:

Production/Deliveries

  • Commercial Airplanes second quarter revenue increased to $8.8 billion driven by higher 787 deliveries.
  • The 737 program is transitioning production to 38 per month and plans to reach 50 per month in the 2025/2026 timeframe. The program still expects to deliver 400-450 airplanes this year.
  • The 787 program increased production to four per month with plans to ramp to five per month in late 2023 and 10 per month in the 2025/2026 timeframe. The program still expects to deliver 70-80 airplanes this year.
  • Commercial Airplanes delivered 136 airplanes during the quarter and backlog included over 4,800 airplanes.

Orders

  •  Commercial Airplanes booked 460 net orders, including 220 for Air India and 39 for Riyadh Air, and secured a commitment from Ryanair for up to 300 737 MAX airplanes.

Source: Excerpts from Boeing Press Release
Photo Credit: Boeing (shown as meta image)

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Aircraft Manufacturer Airbus Delivers 316 Commercial Aircraft, Secures 1,044 Orders During H1 2023

Europe-headquartered global aircraft manufacturer, Airbus, released its Half-Year (H1) 2023 results showing progress across its business units.

“During the first half of 2023 we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand is driven both by growth and fleet replacement as airlines invest in more fuel efficient fleets,” said Guillaume Faury, Airbus Chief Executive Officer. “Based on this H1 performance, we maintain our 2023 guidance.”

Highlights:

On Orders and Deliveries

  • Gross commercial aircraft orders totalled 1,080 (H1 2022: 442 aircraft) with net orders of 1,044 aircraft after cancellations (H1 2022: 259 aircraft)
  • Order backlog amounted to a record 7,967 commercial aircraft at the end of June 2023
  • Airbus Helicopters registered 131 net orders (H1 2022: 163 units) which were well spread across programmes and included 19 H160s
  • 316 commercial aircraft were delivered (H1 2022: 297 aircraft)
    • 25 A220s
    • 256 A320 Family
    • 14 A330s
    • 21 A350s
  • Helicopters’ deliveries increased to 145 units (H1 2022: 115 units), mainly driven by the Light helicopter segment
  • Three A400M military airlifters were delivered in H1 2023

On Production – Narrowbody

  • A220 programme is continuing towards a monthly production rate of 14 aircraft in the middle of the decade
  • A320 Family programme is progressing well towards the previously announced rate of 75 aircraft per month in 2026
  • A321XLR’s flight test programme is progressing towards the expected entry-into-service in Q2 2024
  • The recent inauguration of a new A321 capable final assembly line in Toulouse is the latest concrete milestone in the development of Airbus’ global industrial system

On Production – Widebody

  • Continues to target rate 4 for the A330 in 2024
  • Continues to target rate 9 for the A350 at the end of 2025

2023 Outlook

  • 720 commercial aircraft deliveries

Source: Airbus
Photo Credit: Airbus (shown as meta image)

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