Airbus cancellations hit a record, but no surprises...yet

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Airbus' June 2014 orders and deliveries report reveals that a total of 225 aircraft have been cancelled in 2014 so far, already breaking a record for the most cancellations in a year for Airbus.
 
During June, United Air Lines cancelled its remaining 18 A320 family aircraft on order. This was expected as United hasn't taken delivery of an Airbus aircraft since late 2002 and began cancelling aircraft last year. Airblue also cancelled its remaining 13 A320s on order in June. Airblue ordered a total of 14 A320s in 2006 and 2007, but only took delivery of one in 2010. Its order had been looking doubtful since then. Qantas axed an order for 21 A320s, but offset it with a new order for another 21 A320s. It's believed that A320ceo orders were switched for A320neo orders for delivery at a later date, but this has not yet been confirmed. Emirates' well-publicized cancellation for 70 A350s was also recorded in June. An order for 150 777Xs was placed instead.
 
While the number of cancellations is high this year, one could expect this given Airbus' massive backlog of 5,546 aircraft at the end of June. The more orders there are, the more cancellations you can expect. Given all the talk about an order bubble, however, any sign of a potential bubble burst will undergo close scrutiny.

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