CHICAGO/PARIS - Boeing (NYSE:BA) and Airbus, the world's leading aircraft manufacturers, have both reported strong delivery numbers for 2023, showcasing a recovery in airline demand despite ongoing supply chain challenges. Boeing delivered a total of 528 aircraft for the year, while Airbus not only exceeded its delivery target but also maintained its lead over Boeing for the fifth year in a row, with over 735 aircraft delivered.
Airbus's performance in securing orders was particularly notable, with the company amassing a total of 2,319 orders. After accounting for cancellations, the net orders stood at 2,094. This continued success has helped Airbus to sustain its competitive edge in the market over Boeing, whose net new orders for the year reached 1,314.
Both aerospace giants faced supply chain disruptions throughout the year, which impacted their operations to varying extents. Boeing encountered specific issues with its fuselage supplier, which contributed to challenges in meeting delivery schedules. Airbus also had to navigate through parts shortages, which led to a cut in its delivery target earlier in the year. Despite these setbacks, the companies' delivery figures indicate a resilient demand for commercial aircraft as the aviation industry continues to rebound from the effects of the pandemic.
As the industry moves forward, the ability of these manufacturers to mitigate supply chain issues will be crucial in maintaining their delivery commitments and meeting the increasing demand for air travel.
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