Airbus has doubled Boeing’s aircraft deliveries in 2024.
Major plane manufacturer Boeing’s deliveries fell by almost a third in 2024 compared to the previous year.
The company delivered 348 planes compared to main competitor Airbus who handed over more than double the amount with 766 planes.
Boeing faced a difficult year following a midair accident where an exit door blew out from a Boeing 737 Max 9 operated by Alaska Airlines forcing an emergency landing.
While no one was seriously injured in the accident, it raised major safety concerns for the airline manufacturer as it was found key bolts were not installed before it left the factory.
Additionally, a seven-week machinist strike which resulted in a 38% wage increase over four years put most of the company’s production on hold.
The American manufacturing giant ended the year with a backlog of 5,595 unfilled orders.
In December Boeing logged 142 gross orders for new aircraft, but it also removed 130 orders from its books for India’s Jet Airways.
Boeing’s gross orders for 2024 were 569, with 377 net orders, while Airbus logged 878 gross orders last year and 826 net orders for new aeroplanes.
Airbus, despite being in a better position, fell short of targets last year as a result of ongoing supply chain issues surrounding engines, with their backlog now reaching 8,600 planes.
With Airbus unable to make up for Boeing's shortfalls, major airlines around the world are struggling to have their demand for new planes met.
As both manufacturers struggle with supply and demand, it's predicted that aircraft shortages could continue for more years to come.
At the time of writing this Boeing Co (NYSE:BA) stock was trading at US$167.02, dropping 2.08% from Tuesday’s close at $170.57.Boeing Co’s market cap stands at $124.96 billion.
Airbus SE (EPA: AIR) stock was trading at €155.98 (US$160.76), up 0.35% from the previous close of €155.44. Airbus SE’s market cap stands at €123.57 billion (US$127.36 billion).