Airbus net orders in the red by the end of the first quarter



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FILE PHOTO: The Airbus logo is displayed at Airbus headquarters in Blagnac, near Toulouse, France, on March 20, 2019. REUTERS / Regis Duvignau / File Photo

PARIS (Reuters) – Airbus suffered more cancellations than orders by the end of March, leaving the European company with a bleak first quarter after five consecutive years of winning orders for rivals Boeing in the year past.

Airbus said on Thursday it had won 62 gross orders during the first three months of 2019, but about 120 cancellations left a negative order of 58. Deliveries totaled 162, including 134 single-lane and 22 A350 aircraft.

Earlier this month, Colombian airline Avianca canceled an order for 17 Airbus A320 Neo aircraft and delayed deliveries by another 35, according to a securities statement.

Report of Matthias Blamont; Editing by Sarah White

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