![]() While Boeing recorded a solid number of narrow-body orders last year, it leaned heavily on its biggest customers - who typically negotiate the biggest discounts - to pad its order total. Losing those deals to its European rival may explain why Boeing was willing to compromise on price to land the Allegiant order. The very same day, Air France-KLM said that it had ordered 100 Airbus A320neo-family jets for its KLM and Transavia subsidiaries, with purchase rights for 60 more.īoth of these orders represented conquests for Airbus, as Qantas, KLM, and Transavia have all-Boeing mainline narrow-body fleets today. 16, Qantas announced that it plans to order 40 Airbus A220s and A321XLRs, with options for 94 more Airbus jets. Even accounting for a longer useful life for new aircraft, this implies that Boeing sold these planes at extremely low prices.Īdditionally, investors shouldn't overlook the deals that Boeing didn't win. Management says the annual ownership costs for its new 737 MAX jets will be in line with its current Airbus fleet, most of which was acquired used at low prices. 1, 2028, and the normalization of the air cargo market.Īs for the Allegiant deal, the budget airline has a reputation for penny-pinching. First, the company's recent wave of freighter orders isn't sustainable, because of the impending arrival of the Airbus ( EADSY -2.76%) A350 freighter in late 2025, new emissions regulations that will force Boeing to end production of its current freighter models by Jan. While getting some orders is better than none, Boeing's recent order activity doesn't bode particularly well for its future. Even before securing those deals, Boeing had sold a record number of freighters in 2021, tapping into surging demand for dedicated cargo aircraft. Just last week, it announced another freighter deal, as Atlas Air ordered four 777Fs at the end of December. In late December, Boeing announced that UPS had ordered 19 767 freighters for delivery between 20. While these results would have been considered subpar a few years ago, they marked a welcome change from 20, when Boeing's order backlog shrank dramatically. Net of cancellations and accounting adjustments, it booked 457 orders. In the first 11 months of 2021, Boeing recorded 829 gross orders for commercial jets. Nevertheless, the company's critical commercial airplanes business still seems unlikely to make a full recovery in the years ahead. That said, the aerospace giant's performance did improve in one respect last year, as order activity for its commercial jets rebounded.īoeing has reported several additional order wins recently, which will bolster its full-year order total, set to be revealed this week. “I’d sit in the cutout, moving side-to-side while pretending I was flying a warbird.In 2021, Boeing ( BA 0.57%) continued to lose money and burn cash, weighing on the company's shares. “I’d tip over the 55-gallon drums that were used to feed cows and horses on our family farm,” he says. Ned Greenop also recalls the magic of flight from his childhood, though he had to live it through his imagination. “The feeling that I had flying with my father will be with me as long as I live.” “I still live that magical moment vividly in my mind,” says Lobo, who flies Embraer Phenom 100 and Phenom 300 business jets. Humberto Lobo, director general of Grupo Lomex in Mexico, says his first memory was flying a glider with his father when he was four. To visit my mother or play golf with my son while still being home for dinner with my wife and sleep in my own bed.” “It’s the ability to travel to see new places and family and friends. “While I enjoy flying, the reason I have the jet is the freedom it provides,” adds Chris Carlson, a real estate developer, who flies an Eclipse 500. ![]() One of the best parts of the ranch is flying there.” ![]() “We can go from home to a completely out-of-the-norm experience in just hours. Mary Compton, who flies her Phenom 300 from her home airport to the family ranch in Montana, loves the experience of flying into the backcountry. ![]()
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