Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

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

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


Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.