Across commercial aerospace supply chains the quarterly shipment and order booking results for both Airbus and Boeing are of high interest. That is because they are a reflection on inbound customer demand and customer preferences, as well as the current supply chain volume output cadence for those suppliers supporting each of these global OEM’s. Among the aircraft OEM’s themselves comes certain bragging rights as to whom has the industry lead. Thus, Supply Chain Matters has been featuring summary commentary information related to quarterly operational performance.

 

Shipments

In the quarter ending in March, Airbus delivered a total of 134 aircraft, the majority of which were in the single aisle, A319, A320 model category. There were 4 deliveries of the jumbo A380 and the quarter included the first delivery of the brand new Airbus A350XB-900 XWB model.

Boeing reported the delivery of a total of 184 aircraft, the majority of which were in the single aisle, 737 family category. In addition to delivering 121 737 models, the quarter included delivery of 30 787 Dreamliners.  The former is a reflection that the average production rate of 10 787’s per month continues.

Airbus and Boeing both declared that they each exceeded operational shipment targets for 2014. Airbus reported shipping a total of 629 aircraft deliveries last year while Boeing reported shipping 723 aircraft.  Reflecting on the Q1 shipment numbers, it appears that Airbus needs to pick-up its pace in order to match or exceed 2014 volume.

New Orders

In the March ending quarter, Airbus reported net orders booked for 101 aircraft. The new engine option (neo) versions of the A320 and A321 accounted for 73 of the net total while the A330 family accounted for 25 orders. Of interest, 82 of Airbus’s new orders were booked in March. As of the end of March,

Airbus reported a total customer order backlog of 6353 aircraft, the majority of which (6231) were for new single aisle aircraft. Factoring Airbus’s 2014 actual shipment volume, the order backlog represents in in excess of 10 years of customer orders.

Boeing reported a net orders total of 110 aircraft which included 66 737’s and 34 787’s, among other models. The majority of orders came from what was described as unidentified customers.  Thus bragging rights for orders in Q1 leans toward Boeing.

Boeing additionally reported a total customer order backlog of 5715 aircraft, the majority of which (4244) were for new single aisle 737 models. Current 787 backlog was reported as 847 aircraft.  Factoring Boeing’s 2014 shipment volume, the total order backlog represents nearly 8 years of customer orders.

Bob Ferrari