March delivery surge pushes Airbus jet supply higher in first quarter

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FILE PHOTO: An unmarked A320-214SL Airbus plane is seen on the tarmac at the Airbus factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier/File Photo

PARIS (Reuters) – Airbus reported slightly higher deliveries in the first quarter with 125 aircraft handed over to airlines after a sharp increase in activity in March, company data showed on Thursday.

Airbus also posted 39 gross orders, including a new deal for 20 A220s to an unidentified buyer.

But the company saw the number of net orders – which are adjusted for cancellations – remain in negative territory for the first quarter, with a total of minus 61 net orders dominated by a Norwegian cancellation unveiled in the previous month.

The brisk pace of deliveries confirms a Reuters report on Wednesday that the worldโ€™s largest planemaker was poised to match or even eclipse the 122 deliveries seen in the first quarter of last year after a surge in March.

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