Airbus, Boeing share mixed fortunes in 2021

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Airbus, Boeing share mixed fortunes in 2021

Airbus logo is pictured at the Airbus A 330 final assembly line at the Airbus headquarters in Colomiers near Toulouse, France on November 26, 2018. Jan 11, Reuters -- Planemakers Airbus AIR.PA and Boeing BA.N have issued their annual orders and deliveries for 2021, showing mixed fortunes in their transatlantic business rivalry. Boeing won the new order race after accounting adjustments relating to cumulative orders but remained behind its rival because of the number of airplanes reported to have been ordered or cancelled during 2021, according to the number of reported orders or cancellations.

Boeing's net orders were adjusted for ASC 606, an accounting mechanism that filters out past orders of aircraft deemed unlikely to be delivered due to the financial condition of the buyers.

Airbus also performs an accounting adjustment at the time of their annual earnings, but this is expressed in terms of backlog value rather than the number of units affected. NOTE: Boeing's adjusted net orders may be revised between their announcement and end-year results. The adjusted net total was revised to - 1194 from - 1026 for 2020.