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Boeing wins annual jet order race on adjusted foundation By Reuters

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© Reuters. FILE PHOTO: A Boeing 787-10 Dreamliner taxis past the Final Assembly Building at Boeing South Carolina in North Charleston, South Carolina, USA, March 31, 2017. REUTERS / Randall Hill

Posted by Eric M. Johnson

SEATTLE (Reuters) – Boeing (NYSE 🙂 Co won the annual jet order race against European rival Airbus SE (OTC 🙂 on an underlying basis, but lagged with deliveries as it continued to slowly move out of a Series of crises pulled out, new data shown on Tuesday.

The U.S. aircraft maker said it ended 2021 with 535 net orders after cancellations and conversions, some of which was offset by regular accounting adjustments. The gross orders were 909.

Without the upward adjustments in accounting, which reflect a more positive assessment by Boeing of the airlines’ ability to deliver, Boeing fell behind its competitors with 479 orders.

Airbus sold 771 aircraft in 2021, a total of 507 aircraft after cancellations, almost twice as many as in 2020.

After production cutbacks mainly due to the pandemic, aircraft manufacturers are seeing increasing demand for medium-haul passenger aircraft and freighters despite global concerns about Omicron.

Boeing has largely met analysts’ expectations for aircraft deliveries, handing a total of 340 aircraft to customers in 2021, up from 157 in 2020 but fewer than 380 in 2019 and a record 806 jets in 2018.

The 2021 numbers include a sharp drop in shipments of 14,787 Dreamliner twin aisles – compared to 41 in 2020 – as intensive inspections of manufacturing defects exacerbated delays from the COVID-19 crisis.

In comparison, Airbus delivered 611 jets in 2021, claiming its crown as the world’s largest jet manufacturer for the third year in a row.

In December, the latest data showed that Boeing was delivering 38 aircraft to customers, including 32 of its 737 MAX jets, a P-8 sea patrol aircraft to Norway and five wide-body aircraft.

Boeing had 79 orders for aircraft as of December, following cancellations and cases where a buyer converted an order for one type of aircraft to another. This included an order for 50 737 MAX aircraft from Allegiant Air, five jets for an unspecified customer, 19 767 freighters for United package Service (NYSE :), four 777 freighters for Atlas Air (NASDAQ :).

Boeing continues to dominate booming freighter sales as lockdowns fuel e-shopping. It recorded 84 orders for new production freighters, surpassing the previous record of 83 from 2018.

For its part, Airbus booked its first orders for a new A350 freighter – albeit in part by exchanging existing orders for passenger versions on the freighters.

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