Airbus and Boeing Deliveries Drop 15% in H1 2024, with Boeing Seeing Significant Decline
Analysis by Cirium data reveals that Airbus and Boeing deliveries in the first half (H1) of 2024 were 15% lower compared to the same period last year. Boeing experienced a sharp decline in shipments, with deliveries falling by more than a third to just 167 units. In contrast, Airbus managed a modest increase of 2.5%, delivering a total of 322 aircraft in H1 2024.
Despite the overall downturn, aircraft engine maker CFM maintained a dominant position in the single-aisle market, holding a 63% share of deliveries. However, this marks a slight decrease of three percentage points compared to the full-year 2023 figures.
Operating lessors have played a significant role in the market, accounting for a quarter of Airbus and Boeing deliveries in H1 2024 through direct acquisitions. Additionally, they secured a further third of the aircraft through purchase and leaseback agreements.
Cirium’s EmeraldSky emissions monitor provides insights into the airline industry’s environmental performance. It shows that global CO2 emissions from airlines in July 2024 were 1% lower than in 2019, despite a 3.5% increase in total aircraft hours flown. Specifically, CO2 emissions from passenger aircraft have declined by 4% compared to 2019 levels. Notably, the share of total passenger aircraft emissions attributed to single-aisle jets has risen from 46% in January 2019 to 50% in 2024.
Market values for aircraft continue to rise, although at a slower pace than in previous years. Single-aisle aircraft, in particular, have seen Cirium’s Market Value to Base Value ratio reach record highs. The increase in market values is outpacing the more modest growth in base values, reflecting ongoing demand in the sector despite broader market challenges.
Related news: https://airguide.info/?s=airbus, https://airguide.info/?s=boeing
Sources: AirGuide Business airguide.info, bing.com, Cirium Ascend Consultancy, airbus.com, boeing.com