Airbus Beats Boeing For Deliveries In 2024

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by Tyler Durden
Monday, Apr 15, 2024 - 09:45 AM

Boeing’s deliveries of commercial aircraft have faltered in the first three months of the year, according to the company’s reports, published this week.

The U.S. aircraft manufacturer delivered just 83 planes in Q3, down from 130 in the same three-month period of last year.

In the meantime, its sole major competitor, Europe’s Airbus, saw an uptick in Q1, having delivered 142 of their planes, marking an increase from their Q1 2023 figure of 127.

Boeing has been mired in a series of safety issues since the start of the year, following a mid-air panel blowout on an Alaska Airlines 737 MAX 9 jet in January. This has led to a slowdown in production for the U.S. company, which is now limited to producing 38 of the 737 planes per month until it is clear that quality and safety procedures are being properly adhered to, as per the advisory of the U.S. Federal Aviation Administration (FAA). Boeing has slowed production even below this limit, with the company’s Chief Financial Officer Brian West stating that once the company has it “right” it will ramp up production, expecting to see figures improve in the latter half of the year.

Prior to 2019, Boeing had been in the lead for deliveries out of the two companies, but this changed following the two deadly 737 MAX 8 crashes of 2018 and 2019, and the ensuing temporary production halt of the model. While the same family, these were different planes than those involved in the more recent incidents and they were caused by different issues.

As Statista's Anna Fleck shows in the following chart, both companies saw dips in deliveries in 2020 with the Covid pandemic.

Infographic: Airbus Beats Boeing for Deliveries in 2024 | Statista

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Boeing and Airbus are the world’s two major competitors when it comes to commercial plane manufacturing. While other manufacturers exist, they produce far lower numbers of aircraft than either of these two giants.

In a report by CNN, writer Allison Morrow explains that since pilots are trained in either Boeing or Airbus operating systems, it is difficult for airlines to switch planes.

With few companies having the capacity to produce large jets, both Airbus and Boeing continue to have a long backlog of orders (8,598 at the end of 2023 for Airbus; 5,591 at the end of March for Boeing).