Airbus Ended 2021 on a High Note
In recent years, Airbus (OTC: EADSY) has turned its edge over Boeing in the commercial jet market into a massive lead. The A220 small jet family acquired from Bombardier is gaining traction, and the A320neo family is capitalizing on the 737 MAX's poor reputation and technical shortcomings to gain market share.
On Monday, the European plane maker reported strong order and delivery activity for the month of December. That bodes well for Airbus' fourth-quarter results, which the company will report next month. Airbus is in great position to build on its 2021 successes in 2022, as well.
In 2020, Airbus delivered 566 commercial aircraft -- down 34% year over year -- as the COVID-19 pandemic caused many airlines to slash their near-term capital spending. Last February, the plane maker projected that it would deliver a similar number of jets in 2021.
Source Fool.com
