Airbus widens the gap with Boeing, despite an increase in deliveries for the American manufacturer

Europe 1 with AFP
modified to

6:11 p.m., January 10, 2023

Airbus stays ahead of Boeing. The American manufacturer said in a press release that it delivered 480 aircraft in total last year, and received 808 net orders. This is not enough to supplant Airbus, even if the number of deliveries has increased by 40% compared to 2022.

Boeing said on Tuesday it had delivered a total of 480 planes in 2022 thanks to an acceleration in the fourth quarter, which was not enough to supplant Airbus, however, and had received 808 net orders for the year. The number of deliveries represents a 40% increase compared to the previous year, but also the best performance since 2018. The American group then had to manage the crisis of the 737 MAX after two fatal accidents and the massive slowdown in air traffic with the pandemic.

In particular, it had recorded in 2019 and 2020 more cancellations than orders. The number of deliveries and orders started to rise again from 2021. But Boeing remains behind Airbus which announced, also on Tuesday, having delivered 661 planes and received 820 net orders in 2022. The delivery figures are particularly watched on Wall Street because it is at the time of delivery to the customer that the group is paid in full for its devices.

Inventories flowing slower than expected

When it last released quarterly results in October, Boeing was still reporting hundreds of planes made but not flowing to customers, including its most popular planes, the 737 MAX and 787 Dreamliner. The 737 MAX had been banned from flying for twenty months after the crashes of Lion Air in October 2018 and Ethiopian Airlines in March 2019, until the end of 2020. The group, which is liquidating its stocks more slowly than expected, has delivered 387 copies in 2022, including 110 in the fourth quarter.

Deliveries of the 787 Dreamliner have been suspended intermittently after the discovery of several manufacturing defects since the end of summer 2020, before resuming last summer. Boeing was able to deliver 31 over the year, including 22 in the fourth quarter. The American manufacturer stressed in early November that it wanted to return to better health, both operationally and financially, by 2025 or 2026.