Boeing beat Airbus by delivering 130 planes in Q1

Boeing (BA.N) announced on Tuesday announced 130 aircraft deliveries over the first quarter of 2023, edging out its rival Airbus (AIR.PA), with 127 deliveries.

‍

It is estimated that Boeing delivered almost 27% more jets in the past year than it did a year ago when it delivered 95 jets.

‍

As compared to the 41 jets that the U.S. planemaker delivered to customers in the same month last year, 64 aircraft were delivered to customers in March, a 36% increase.

‍

There were 52 737 MAX jets among that total, and United Airlines and Southwest Airlines each acquired 12 of them, making 52 of the 737 MAX jets accounted for.

‍

Despite the slowdown in widebody deliveries in January and February, which is in part due to a weeks-long halt on 787 Dreamliner deliveries ordered by the Federal Aviation Administration in February, widebody deliveries picked up in March.

‍

In mid-March, the company received approval from the FAA to restart deliveries of Dreamliners, and last month, seven of these aircraft were transferred to customers.

‍

Among the other deliveries, Boeing has also made one P-8 Poseidon aircraft, one 767 freighter - its first 767 to be delivered this year, after Boeing resolved a quality issue with its fuel tanks - as well as three 777s.

‍

During the first quarter of the year, Airbus delivered 127 jetliners, including 61 jetliners last month, according to a statement released on Tuesday by the European planemaker.

‍

According to Trade Algo, quarterly shipments were down 11% from 142 physical deliveries reported a year ago, which is down 9% from an adjusted year-ago total of 140 reported a year ago.

‍

Over the past three months, Boeing and Airbus have been nearly on par with each other when it comes to deliveries. During the first two months of the year, both companies delivered 66 jets to their customers.

‍

As for Boeing, they have set a target of delivering at least 400 737 MAX planes and 70 787 planes by the end of the year, while Airbus only plans to deliver 720 planes this year.

‍

With 113 737 MAX jets delivered so far this year, Boeing is on track to meet its delivery target for the 737 MAX for this year. However, the company still needs to pick up the pace if it wants to reach that goal, as the company has only delivered 11 787s so far.

‍

There were 60 aircraft orders placed by Boeing in March, of which 40 were MAXs and 20 were 787s. However, that sum was offset by the cancellation of orders for 16 MAXs and six 787s, resulting in 38 net orders for these aircraft instead.

‍

There was a reduction in the backlog of orders from 4,555 to 4,555.