Embraer Reports Highest Order Backlog in Seven Years

DALLAS - Embraer registered a record backlog in Q1 2024, with a backlog volume of USD 21.1 billion, an increase of 13% over the previous quarter. American Airlines' recent order for up to 133 Embraer E175 jets largely contributed to this backlog.

On March 4, American Airlines (AA) placed an order for 90 E175s, with options for 43 more. This order represents over 10% of Embraer’s backlog. With the order, the E175 extended its market lead in its category, with over 800 units sold.

The Brazilian manufacturer delivered 67% more aircraft in Q1 2024 compared to the same period in 2023. The manufacturer delivered 25 jets, 18 of which were from the executive aviation segment and 7 E-jets. Embraer delivered four E195-E2s and three E175s.

Backlog

Embraer’s E2 backlog sits at 194 units, divided between 179 E195-E2s and 15 E190-E2s. The five-year average indicates that Embraer performs really well at the end of the year, showing strong Q4 results that account for almost half of the yearly deliveries. Just one-third of the E195-E2s have been delivered so far to customers worldwide.

Azul (AD) accounts for 30% of the E195-E2 backlog. The Brazilian airline is expecting 51 aircraft to join its fleet. Porter (PD) has received less than half of its E195-E2s and expects 43 more jets. Regarding the E190-E2, the American-based lessor Azorra dominates the backlog count, with 12 out of 15 units to be delivered. 

American Airlines’ new order for the E175 accounts for more than half the firm order backlog for the type. Together with AA, Republic Airlines (YX), Skywest (OO) and Horizon Air (QX) represent the bulk of the E175s backlog, totalling 176 out of 187 units to be delivered to the US and confirming the jet's popularity in the country. 

The featured image showcases the E195-E2 wearing the “Tech Lion” livery at the 2023 edition of the Paris Airshow.