As part of the annual order and delivery battle between Boeing and Airbus, AeroAnalysis provides a monthly overview and analysis. In this article AeroAnalysis will have a look at the orders and deliveries in February.
The full article can be read here. A summary of the orders and deliveries:
> Order inflow was far below what anyone could have expected.
> Deliveries were lower than expected.
> Boeing’s book-to-bill ratio is .67, below its target but order inflow is likely to pick up pace.
In 2015 Boeing achieved its book-to-bill target at the very last moment. Despite lower anticipated deliveries in 2016, I expect Boeing to be facing a major challenge to achieve its book-to-bill target. In April 2015 AeroAnalysis published an article in which it said that the order books of jet makers are not bubbles, but should decline at some point. In that article AeroAnalysis shared its view and expected order inflow to decline in a few years from now. With oil prices having declined ever since, chances are the order books will decline sooner than expected at first. With Boeing just barely meeting its target last year, 2016 might be the year in which Boeing will not achieve its book-to-bill ratio. After a strong first month for Boeing, the February month was weak and supports our view that order books are likely to decline soon. This, however, is not necessarily a bad thing although a lot of investors and analysts might think so.