Analysts: Airlines have ordered too many planes

While air traffic is picking up and Boeing sees "tangible signs of recovery," analysts at UBS say airlines have ordered too many planes already, particularly Airbus' A350 XWB and, more so, Boeing's 787 Dreamliner.

"Our analysis reveals that many of Airbus' and Boeing's top customers appear to have over ordered, even after assuming future growth at high levels, which could result in additional deferrals and cancellations and, at minimum, likely yields few orders from what have been the manufacturers' largest customers," UBS analysts, led by David Strauss, wrote in a report released Tuesday.

The analysts focused on the......