Few days ago, the Toulouse-based aircraft manufacturer ATR (Avions de Transport Régional) published a press release [PDF, 139 kB] reporting some of its numbers for the year 2017 (being a private company, owned by Airbus and Leonardo, it does not publish a complete financial annual report). Some of the key figures were:
- Revenues: 1.8bn$.
- 80 deliveries (including 2 second hand aircraft).
- Orders: 113 firm plus 40 options (112 of the orders for its ATR-72).
With this post I just wanted to log the latest data and update the graphic in which I compare ATR yearly deliveries profile with World GPD growth and most importantly oil price.
It is interesting to note the drop of the oil price from around 90$ to below 50$ since 2015. ATR deliveries correlated well with oil price with a lag of a few years time. The correlation up to date continues to be quite high.
So far, through 2017 aircraft production has kept up around 80 deliveries a year. In 2017, the book-to-bill was 1.45 (with the above-mentioned 113 firm orders), so ATR should be able to cope with high production for another couple of years.
We will see later on whether the oil price raises again, whether the correlation deliveries/oil price holds or breaks, and whether ATR manages to keep up production in response to the market.