Summary Boeing received 72 new plane orders in July, trailing Airbus year to date. Airbus leads with 386 gross orders already for 2024, overtaking Boeing at Farnborough show. Boeing delivered 43 aircraft last month, facing challenges in supply chain and seeking growth.
Last month, Boeing achieved a rare win over a European aircraft manufacturer in July for ordering new aircraft. However, overall, year to date, Boeing is still trailing badly in following a string of safety concerns at the American aircraft manufacturer. The Seattle-based American airline manufacturer scored 72 new planes in July versus 59 at Airbus.
Most were from aircraft leasing companies for the 737 MAX jet, of which it received 57 orders, with the bulk of interest coming from the Farnborough Air Show. Less than half of 2023's results While we recognize that the world is tightening its belts during a cost-of-living crisis, last month's orders at Boeing dropped in the bucket compared to the previous year's results. In July this year, Boeing received orders for 228 commercial aircraft, including 166 MAX jets, while 42 were subsequently canceled; this is half of the 579 total orders the manufacturer had received in the calendar year this time last year.
Airbus continues to lead the pack year to date, with 386 gross orders (367 net), the European manufacturer has already reported for 2024. While Airbus started at the Farnborough Air Show relatively slower than Boeing, by day four on July 25, the European plane maker overtook Boeing in terms of total orders announced at the event. Whatever the case might be regarding its rivalry against Airbus, Boeing's results from this year's Farnborough International Airshow 2024 could not be described as unsuccessful.
The US-based OEM booked 118 orders, including 96 firm orders and 22 options from airlines and lessors. Read the latest Airbus news here. Deliveries also down Overall deliveries year to date have seen a reduction of 29%, with 218 commercial jets versus Airbus, which has seen 400 out the door.
Last month, Boeing delivered 43 aircraft to its customers, just one behind 44 in June. This can cause havoc for the manufacturer's bottom line, as they don't receive the majority of payment until the aircraft is delivered. Over the last five years, and following a string of quality incidents , Boeing has seen a net loss of $33 billion, a far cry from when its operations were hailed as a symbol of American quality and manufacturing.
While the airline recognizes the internal and external challenges of the climate, the manufacturer has struggled with supply chain hurdles and is looking to its future under the new Chief Executive Officer, Kelly Ortberg. Boeing has committed to increasing its output by the end of 2024 after overcoming challenges with the supply chain and a slower-than-normal assembly line. Last month, Boeing delivered 31 max jets to customers, including several to Chinese carriers.
The manufacturer recently resumed deliveries of its most popular selling aircraft to China after a prolonged pause from regulatory issues between the US and China. While Boeing had the early lead, eventually, Airbus caught up and went ahead of its main rival at the Farnborough International Airshow..
