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UPDATE 1-Airbus Jan-April deliveries up 25% as some markets reopen

Fri, 07th May 2021 19:22

(Adds details)

By Tim Hepher

PARIS, May 7 (Reuters) - Airbus delivered 45 jets
in April, bringing its total so far this year to 170 - up 25%
from the same period of 2020 when airlines were reeling from the
first shock of COVID-19.

April deliveries trebled compared to the same period a year
earlier, but slipped from 72 in March, company data showed.

U.S. and Chinese domestic markets have seen a surge in
travel as vaccinations widen and Britain said on Friday it would
cautiously allow international travel to resume.

But a humanitarian crisis in India caused by a surge of
coronavirus infections has caused air travel in another key
Airbus market to plummet even as some deliveries continue.

Airbus plans to increase production of medium-haul jets from
the third quarter, partially restoring cuts sparked by COVID-19.

While deliveries have recovered faster than some experts
anticipated, they have not kept pace with Airbus' current
production rates of just over 50 aircraft a month, suggesting
additions to an end-year surplus of almost 100 undelivered jets.

Airbus may be storing jets in anticipation of higher
deliveries this year, Agency Partners analyst Sash Tusa wrote.

An Airbus spokesman noted that it had stated that its
deliveries would not be linear, but had kept targets unchanged.

The planemaker also said it had won 48 orders in April - led
by a previously reported order for 25 A321neo jets from Delta
Air Lines - and taken 22 new cancellations.

So far this year Airbus has won 87 orders while seeing the
net total drop below zero, to minus 35, after cancellations
which exceeded the number of new orders.

Detailed April data pointed to a reshuffling of 22 orders
within the Avolon leasing group, with the only significant net
new order coming from Delta - a deal nonetheless seen as putting
pressure on Boeing in a crucial race for large
single-aisles.

Airbus also attributed names to a handful of orders, mainly
from Chinese airlines, that had previously been unidentified.

Boeing has said it delivered 77 airplanes in the first
quarter and won 282 new orders, or 69 after cancellations.
(Reporting by Tim Hepher;
Editing by Mark Heinrich and Emelia Sithole-Matarise)

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