Airbus Logs Solid April Performance
The COVID-19 pandemic torpedoed demand for commercial jets last year, escalating the sense of crisis at Boeing (NYSE: BA), which was already struggling with the 737 MAX grounding and other quality-control mishaps. While most countries recertified the 737 MAX in late 2020 or early 2021, the U.S. aerospace giant is still burning cash at a horrific rate.
By contrast, Airbus (OTC: EADSY) began to recover from the pandemic before 2020 had even ended. Airbus' solid first-quarter earnings results and its April orders and deliveries report both confirmed that the aircraft manufacturer is on the right track.
During the first quarter of 2021, Airbus delivered 125 commercial jets. A320-family aircraft accounted for the bulk of the deliveries (105). Airbus also delivered nine A220s, one A330neo, and 10 A350s. By contrast, Boeing delivered just 77 commercial jets during the first quarter.
Source Fool.com
