Airbus reports a 28% quarterly increase in net profit, outpacing Boeing in plane orders for five straight years.
Airbus reports a 28% quarterly increase in net profit, outpacing rival Boeing in plane orders and deliveries for five straight years. The European company has gained market share by developing fuel-efficient mid-sized aircraft, while Boeing faces a government-mandated production cap on its best-selling plane and a backlog of over 5,660 orders. Despite Airbus' advantage, its production capacity and order backlog limit further expansion, and both companies face strained supply chains and long lead times for jetliner deliveries.
May 06, 2024
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