Note

Boeing loses ground to Airbus on jet deliveries as production issues continue to weigh

· Views 512

Boeing loses ground to Airbus on jet deliveries as production issues continue to weigh

Boeing Co. sold more aircraft than Airbus SE EADSY, +0.12% last year but delivered half as many passenger jets, in a sign of the changing landscape facing the world’s two dominant plane makers.

Chicago-based Boeing BA, +3.21% said Tuesday that it won orders for 909 planes in 2021 but delivered only around 280 passenger jets, falling behind Airbus and relying more on its cargo jets and military versions of commercial planes. Including cancellations, Boeing secured 535 net new orders, including older deals for 56 planes that it now considers more likely to be fulfilled.

See also: Delta Air reports this week, giving investors a first look into U.S. airlines’ performances

Airbus on Monday said it delivered 611 jets in 2021 and won orders for 771, or 507 net of cancellations.

 

© Investing. Copyright and all rights therein are retained by authors.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.