Despite the increasing demand for aircraft worldwide, Airbus and Boeing are struggling to meet this need due to challenges in their production and delivery processes. Last Wednesday, Airbus drew attention after reporting a 3.5% increase in U.S.-listed deposit receipts, closing at $39.34.
Airbus Lowers Delivery Targets
Airbus aimed to deliver approximately 770 jets in 2024 but delivered 500 jets in the first nine months of the year. Due to supply chain disruptions, the company revised its initial target of 800 jet deliveries and adjusted its operating profit to $6 billion. Supply chain issues arising from the COVID-19 pandemic are hindering Airbus’s ability to meet its goals.
Boeing’s Delivery Situation is Concerning
Boeing has been grappling with design and production issues related to the 737 MAX aircraft for years. According to projections by Wall Street analysts, the company aimed for 700 aircraft deliveries and an operating profit of $5.5 billion at the beginning of 2024. However, current estimates indicate that Boeing will deliver only 377 jets, resulting in an operating loss exceeding $7 billion.
Missing aircraft deliveries account for 2% of the total airline capacity worldwide. This situation has the potential to affect airline capacity planning and ticket prices.
Financial Impacts for Boeing and Airbus
Due to missed deliveries, Boeing and Airbus are facing a total annual operating profit loss of approximately $15 billion. The companies’ stock values are experiencing fluctuations in parallel with this situation. Boeing’s shares closed up 0.9% at $154.29 on Wednesday, but while investors await the end of the strike, the stock price remains stuck between $150 and $160.
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