Airbus would be looking pretty bad right now if Boeing wasn’t so borked

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Airbus would be looking pretty bad right now if Boeing wasn’t so borked

Airbus might be nervously looking over its shoulder if it weren’t for a

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at its arch-rival Boeing (

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). The French planemaker announced that it

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in September, a sharp slowdown from earlier this summer and another sign that the other half of a

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has its own issues to worry about.

When a door plug

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, the Federal Aviation Administration told Boeing that it would have

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until the regulator was certain that it had figured out its quality-control issues.

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that it didn’t expect to face any hurdles of that nature, cementing its dominance in the wake of Boeing’s last 737 Max scandal. But it has faced hurdles of a different nature instead.

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and other supply chain difficulties have made it difficult for Airbus to take full advantage of Boeing’s slowdown. September marked the second month in a row and the fourth month this year when deliveries actually fell compared to 2023.

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that the company would need to deliver 273 aircraft in the fourth quarter to hit its 770-plane forecast. That would require a 10% acceleration from the same ******* a year before; so far, the company is only up 2%.

Airbus shares were up as much as 23% earlier this year before its troubles caught up with it.

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, the company lowered its full-year delivery guidance. (

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that analysts think the company may do so again shortly.)

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, the head of its commercial airplane division told the Wall Street Journal, “I thought we were going to be in a better place.” Though its stock price isn’t having as bad a year as Boeing’s (down more than 40%), its stock is in negative territory nonetheless.

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Airbus will report third-quarter earnings on October 30.

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and

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#Airbus #pretty #bad #Boeing #wasnt #borked

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