Yesterday Airbus provided their monthly update. Here’s our updated model.
Airbus is having an order blowout year – which is not the way it looked even after the summer Paris airshow. It has the products the airlines and lessors want – specifically the A321neo/LR/XLR. On the first page note how the 2019 orders for the A321neo far outstrip the A320neo. This is the first we have seen this.
There seems to be a strong move towards larger single-aisle aircraft. On Page 4 notice how Delta is not only still #1 for deliveries. Notice also what it is taking delivery of – the A220-100 and the A321ceo/neo. Delta is an industry bellwether and we think these deliveries are going to be highly disruptive in the US and in the intra-Americas.  The A330-900 is also likely to provide the airline with longer-haul flights across the Pacific.
Airbus has to deliver 135 aircraft this month to meet its annual target. November saw 77 deliveries. This will be a tough goal to meet.
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