About 3 months have passed since my original post, things appear to be deteriorating further…..

Airbus studies A320 production rate cuts here:
http://www.aviationweek.com/aw/generic/story.jsp?id=news/aw011209p3.xml&headline=Airbus%20Considers%20Cutting%20A320%20Production%20Rate&channel=awst

ANA drops plans (at least for now) to buy A380 here:
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUST35838520090105

Boeing slashing 4500 jobs here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNF8U_Y4P5Yc&refer=home

IMHO, the A380 program is really being hurt, their delay pushed them right into the economic downturn. No major new orders have been announced for some time now, and the break-even point is being pushed further and further into the future.

Perhaps Boeing is “lucky” that the 787 delay is occurring now, maybe by the time certification is complete and production is finally ready to spool up the economic downturn will be over. (Yes, I know the production is sold out for several years, but you can’t deliver jets to non-existent airlines.) The real question is how far and how deep the trough will be.