Wed, Feb 12, 2003
An AP story says that the value of Airbus's new
orders, "...dropped by nearly 49 percent in 2002 as airlines bought
fewer planes amid a global aviation slump."
Revenues dropped just 5% (to $21.1 billion), perhaps giving a
glimpse of the level of financial commitment a customer must
make, in order for Airbus to book an order. Reflecting the deep
discounting that permeated Airbus's order book last year (as well
as a shift in the mix, with no A380 orders' received), the AP said
that orders were down 15%, from 274 to 233.
The fledgling military A400M (below) program, facing either
extinction or huge cost overruns due to certain nations'
reneging on pledged orders, was not addressed in the report.
AP did, though, note that, while the 2001 order
numbers were helped by the A380, that super-behemoth didn't play a
part in 2002's numbers. The 85 launch-year orders are a long way
from the 1800 or so that Airbus was predicting just three years
Bright spot in the EADS constellation was Eurocopter; the Ariane
program's financials are best not talked about.
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