Airbus Outpaces Boeing with Strong 2024 Performance

Airbus reports a net profit of €4.2 billion, while Boeing faces significant losses and production challenges.

Airbus achieved a 12% increase in net profit for 2024, reaching €4.2 billion, with revenue up 6% to €69.2 billion.
The European aerospace giant delivered 766 commercial aircraft in 2024 and plans to deliver 820 in 2025, assuming no major disruptions.
Boeing reported a net loss of $11.82 billion in 2024, its worst since 2020, driven by production quality issues and a 50-day strike at key facilities.
Airbus now dominates two-thirds of the global commercial aircraft market, a significant shift from the previous 50/50 split with Boeing.
Challenges persist for both companies, including strained shared suppliers and weak demand in the satellite telecommunications sector, leading to job cuts in Airbus's Defense and Space division.