💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Delta delays delivery of Airbus's wide-body aircraft

Published 05/11/2017, 10:03 AM
© Reuters. Delta planes line up at their gates while on the tarmac of Salt Lake City International Airport in Utah
BA
-
AIR
-
DAL
-
AER
-
AAL
-

(Reuters) - Delta Air Lines Inc (N:DAL) said on Thursday it was delaying taking delivery of Airbus SE's (PA:AIR) wide-body A350-900 jets, putting another question mark over their demand, even as the no. 2 U.S. airline placed a fresh order for 30 smaller A321-200s.

Delta's decision comes weeks after larger U.S. rival American Airlines Group Inc (O:AAL) said in April that it had also deferred delivery of several wide-body Boeing Co (N:BA) and Airbus jets.

An oversupply in the market of long-distance wide-body aircraft has led to deliveries being postponed.

Delta said it would delay deliveries of 10 of the 25 A350-900 aircraft by about two to three years. The aircraft are to be delivered by 2019-20.

However AerCap Holdings NV (N:AER), the world's largest independent aircraft leasing company, on Wednesday played down concerns about weakening demand for wide-body jets, saying there was still "good solid demand" for the aircraft globally.

Delta said on Thursday delivery schedule for its A350-900 aircraft was in place, and it plans to operate its first A350 flight in the fourth quarter of 2017.

© Reuters. Delta planes line up at their gates while on the tarmac of Salt Lake City International Airport in Utah

The company plans to take delivery of five A350s in 2017.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.