Airbus Misses 2024 Delivery Target, Delivers Over 765 Jets

Airbus has provisionally delivered more than 765 aircraft in 2024, narrowly missing its annual target of around 770 jets. The company delivered over 122 aircraft in December, bringing the total number of deliveries for the year just above 765, according to industry sources. Airbus has declined to provide further details ahead of its official commercial update on Jan. 9, 2025.

The company had initially aimed to deliver around 800 jets in 2024, but revised its target to 770 in July due to supply chain issues, particularly shortages in engines and other critical components. While the company faced difficulties in the supply of aircraft interiors, which led to delays in some deliveries, it still managed to deliver a significant number of planes in December, marking a strong finish to the year.

"Some deliveries were delayed due to issues with interior fittings, but we were still able to exceed 120 deliveries in December," one industry insider told Reuters.

Airbus had already prepared analysts for the possibility of a slight shortfall in its delivery goal. The company communicated that a deviation of fewer than 20 aircraft from its target would not be considered material, thus avoiding the need for a revised profit warning. "CEO Guillaume Faury had referred to a margin of error of plus or minus 20 aircraft when discussing third-quarter results in October," an Airbus spokesperson reiterated.

Despite missing the target, Airbus outperformed its primary rival, Boeing, in terms of total deliveries. While Boeing saw a 34% decline in aircraft deliveries, Airbus maintained its competitive edge, continuing to dominate the market for commercial jets.

Airbus’ delivery performance remains closely tied to its commercial jet manufacturing, which constitutes most of its operating profits and cash flow. The company’s single-aisle jet production has seen progress, with output reaching around 60 units per month after struggling to recover from pandemic-related supply chain disruptions. Airbus aims to increase production to 75 units per month by 2027.

Though delivery data is subject to audit, sources noted that some “paper” deliveries, which are not yet completed by the change of ownership, had declined in 2024. Airbus expects its final delivery numbers to be confirmed following a routine audit process, which could result in slight adjustments.

Looking ahead, Airbus will provide its official forecasts for 2025 along with its full financial results on Feb. 20, 2025.