Airbus releases its financial report for the third quarter of 2019. According to the report, Airbus delivered 571 airliners in the first three quarters, ahead of Boeings 301. At the same time, Airbus will reduce the expected annual delivery from 890 at the beginning of the year to 860.
Since aircraft manufacturers usually receive major payments after delivery of aircraft, aircraft delivery volume has always been regarded as an important indicator for investors to refer to the financial situation of aviation manufacturers. Although Airbus cut its delivery forecast, according to the current situation, there is no big problem that its annual delivery volume exceeds that of Boeing.
If the final situation is consistent with the prediction, it is also the first time that Airbus has surpassed Boeing in the number of civil aircraft delivery since 2011 and returned to the position of the worlds largest aircraft manufacturer, which is also Airbuss first goal in recent years.
Airbuss adjusted target delivery volume is not without trace. In the first half of this year, it delivered 389 aircraft, which also means that it will have to deliver 500 aircraft in the second half of this year to reach the original target. At that time, the industry predicted that Airbus might have a certain target delivery volume adjustment.
The increase in Airbus deliveries this year is mainly due to the delivery of a220 series aircraft. The arrival of the aircraft helped Airbus achieve a 28% increase in deliveries in the first quarter of this year.
But in fact, due to the large-scale delayed delivery of a320neo series, Airbus still faces challenges in achieving the annual delivery target.
Airbus has not neglected to solve this problem, but due to the complexity of supply chain and aircraft flexible configuration options, it will take some time to solve the problem.
In a statement, Airbus CEO Fu Li said Airbus was focused on increasing a320neo production and improving industrial processes. According to the plan, Airbus will further increase a320neo production in the fourth quarter of this year, and will achieve the goal of 63 a321neo per month in 2021.
In addition, Airbus said that it will increase the production rate of a330neo series, and Airbus is optimistic that the series will achieve balance of payments within the year.
In fact, many airline executives have expressed dissatisfaction with the manufacturers delay. For example, the CEO of the international aviation group (British Airways parent company) publicly criticized the a321lr delivery delay at the financial reporting meeting, and asked Airbus to make improvements.
Indigos CEO also said this month that while Indigo is in urgent need of a new airliner, it is unable to control the delivery of the aircraft.
However, it is worth noting that indigo Airlines has announced the purchase of 300 additional a320neo series aircraft, creating a record of the largest number of aircraft orders signed between Airbus and a single airline. As the largest operator of a320neo series, its total order quantity of this type of aircraft has reached 730.
Due to the increase in Indigo airs purchase, Airbuss orders this year also increased to 603, far higher than Boeings 170.
On the whole, Airbus is doing well this year. However, due to the continuation of the aviation trade war between Europe and the United States, Airbus also made some pessimistic forecasts for the market.
At present, the United States has begun to impose 10% tariffs on new Airbus aircraft. Airbus said it may have to postpone the delivery of airliners to us customers and reorder its production lines, which could lead to cost and time problems.
Airbus is more concerned about the trade disputes it faces next year, especially in the second half of 2020, which may be difficult to manage. As the U.S. has already imposed tariffs on Airbus, Europe may start countervailing tariffs on Boeing aircraft.
Airbus CEO Fu Li stressed that he hopes to reduce the conflict between the US and Europe through negotiations before causing more serious damage.
Source: Netease aviation manuscript editor: Lin Zhiheng