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Airbus looks to pull further away from Boeing as deliveries tick up

Published 07/05/2024, 13:56
Updated 07/05/2024, 14:10
© Reuters.  Airbus looks to pull further away from Boeing as deliveries tick up
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Proactive Investors - Airbus Group (EPA:AIR) has unveiled an uptick in aircraft deliveries over the course of April as rival Boeing Co (NYSE:BA) continues to be hit by regulatory scrutiny.

Some 61 aircraft were delivered over the month, European-based Airbus said Tuesday, marking a 13% increase on April 2023.

This included 51 A321neos for an unspecified airline, alongside a reshuffled wide-body jet order by British Airways parent International Consolidated Airlines Group (LON:ICAG).

Airbus’ deliveries sat at 203 jets for the year so far at the end of April, suggesting the manufacturer was pulling further ahead of rival Boeing as regulatory woes hit the latter.

Boeing had last month reported 83 deliveries over the quarter to March, against 130 a year earlier, as output stalled on heightened scrutiny of its safety checks.

These related to the 737 Max 9 jet after January’s Alaska Air mid-flight door panel blowout, while America's Federal Aviation Administration also launched a probe into the 787 Dreamliner programme this week.

According to Boeing, employees had been reporting safety checks as completed despite not carrying these out, prompting the start of an investigation on Monday.

Airbus climbed 1% on Tuesday, while Boeing dipped 0.8% in pre-market trading.

Read more on Proactive Investors UK

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