In 2024, Boeing delivered 348 aircraft, marking its lowest output since the pandemic began. This figure represents a significant drop from the 528 planes delivered in 2023. The decline in production stemmed from critical quality control issues within Boeing's facilities and at a key supplier, compounded by parts shortages, including engines. As a result, the company closed the year with a daunting backlog of 5,595 unfilled orders, pushing its total order backlog to over 8,600.
Boeing's challenges in 2024 were multifaceted. Production delays were exacerbated by ongoing concerns about safety standards, particularly after two high-profile accidents involving the 737 Max. The year commenced poorly when the 737 Max production line remained idle until mid-December. Additionally, the Federal Aviation Administration conducted an audit that revealed "multiple instances" where Boeing had failed to meet necessary standards. Such findings have intensified public scrutiny on the company’s commitment to safety.
Further complicating Boeing's year were delays in the delivery schedule of its newest model, the 777X. Initially expected in 2025, deliveries are now pushed back to 2026. These setbacks have resulted in billions of dollars in losses for Boeing and have created significant challenges for airlines struggling to acquire needed aircraft.
The company also faced internal discord, as workers staged their first major walkout since 2008. The dispute centered on pay and retirement provisions, adding another layer of complexity to Boeing's operational hurdles. This industrial action contributed to the slowdown in production, further affecting the company’s ability to meet delivery commitments.
In contrast, Boeing's European competitor, Airbus, delivered 766 planes in 2024, underscoring a stark disparity in performance between the two aviation giants. Although Airbus narrowly missed its production targets, it remains in a more stable position compared to Boeing.
Boeing's struggles have not only impacted its financial standing but have also reverberated through the airline industry. Airlines are facing significant difficulties in securing aircraft amid Boeing's production delays, which has affected their operational capabilities and expansion plans.