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In the 1970s the 747 averaged 32 orders per year. In the 1980s it averaged 43 orders per year. It peaked in 1990, taking in 122 orders that year alone, but from
by valuearb 9y ago
In the 1970s the 747 averaged 32 orders per year. In the 1980s it averaged 43 orders per year. It peaked in 1990, taking in 122 orders that year alone, but from 1992-2000 orders dropped to average 27 per year.
Ironically in 1993, the year A380 design work began, the 747 had it's worst sales year ever (till then), with only 2 orders.
The A380 was approved for production in 2000. In 2005, Boeing announced the 747-8 to better compete with the A380.
From 2000-2009, the 747 had 214 total orders, almost all after 747-8 was announced. The A380 had 212. Combined that's 43 orders a year. The market did not grow, despite substantially better, more capable, and more efficient, products.
From 2010-2017, the 747 and A380 have booked 18 orders per year combined. It is by far the smallest jumbo market since it was created. And what point to point advocates predicted.
- toyg 9y ago> The market did not grow I think part of the parent's point is that, even in a stagnant market, Airbus basically took half of it from what was previously a monopolist. Those 43 orders per year used to be all for Boeing, and now they only get half. That's a victory of sort, regardless of where the market is going for both companies.
- valuearb 9y agoAgain, it’s not a victory, it’s been a horrific loss. Airbus disintegrated $30B of their own capital, while Boeing walked away after spending only $2.5B more.