Friday, March 5, 2010

UPDATE 1-Airbus wins no Feb orders ahead of EADS results

Defense News ~ PARIS, March 5 (Reuters) - Airbus (EAD.PA) said airlines had neither ordered nor cancelled any of its aircraft for eight weeks, leaving uncertainty over the pace of a recovery in demand ahead of the release of parent EADS's (EAD.PA) earnings on Tuesday.

The European planemaker has clinched 11 civil plane orders so far this year, it said on Friday, the last deal being for 10 A320s for Yemenia on Jan. 10.

Airbus posted a drop in orders last year to 310 planes worth $34.9 billion at list prices.

U.S. rival Boeing (BA.N) had won 57 plane orders so far this year as of March 2, including a deal for 25 of its 787 Dreamliners signed with United Airlines (UAUA.O), according to its website.

Airlines battered by the recession have started talking about extra capacity, with Air France-KLM (AIRF.PA) saying on Wednesday it would raise capacity on long-haul flights by 0.8 percent this summer as it sees "tentative signs of recovery". [ID:nLDE6220MO]

But analysts say this is unlikely to be translated into significant new orders until yields, which measure the average revenue per seat sold, pick up on a sustainable basis.

The world's airlines are still expected to post losses of $5.6 billion this year as they continue to struggle with the impact of the economic crisis on travel, according to global airline body IATA.

EADS is seen posting a fourth-quarter loss before interest, tax, goodwill impairment and one-offs of 395 million euros on Tuesday, compared with a year-earlier profit of 812 million, according to a Reuters poll of 12 analysts. [ID:nLDE623236]

Airbus added on Friday that it delivered 38 aircraft to customers in February, including one A380 superjumbo to Air France, taking the two-month total to 67 as it aims to match last year's 498 deliveries.

Client countries are meeting in Berlin on Friday in a bid to resolve a cost issue over the A400M military transport plane. Spain is trying to move Airbus jobs from the UK if Britain fails to contribute its full share to the project bail-out. [nLDE6232EJ] (Reporting by James Regan and Tim Hepher, editing by Will Waterman)

No comments:

Post a Comment