Boeing Beat Airbus on 2021 Orders: So What?
For the first time in several years, Boeing (NYSE: BA) recorded more net orders for commercial jets than Airbus (OTC: EADSY) in 2021. The U.S. aerospace giant booked 535 orders, net of cancellations and changes in its estimates of whether existing orders may fall through. For comparison, its European rival booked 507 net orders last year.
However, this achievement was a bit of a hollow victory for Boeing. The company remains far behind Airbus in terms of total backlog. If anything, that gap could widen further in 2022.
Boeing held a big order-activity lead over Airbus for most of 2021. However, Airbus booked three times as many net orders in November and December as it had recorded in the first 10 months of the year combined, thanks to a strong performance at the Dubai Airshow.
Source Fool.com
