Boeing Edges Out Airbus in July Orders, but Still Trails Overall

Strong July Performance

Boeing (NYSE: BA) secured a rare victory over Airbus (OTCPK: EADSF) in July, securing more orders for new commercial jets. The win helped boost Boeing's stock, which rose 1.6% in Tuesday's trading.

Boeing reported gross orders for 72 aircraft in July, surpassing Airbus's total of 41. This marked the first time Boeing had outperformed its rival in monthly orders since October 2021.

Overall Lagging Behind

Despite the July success, Boeing still lags significantly behind Airbus in total orders for the year. As of the end of July, Airbus had secured 605 gross orders, compared to Boeing's 330.

Much of this disparity can be attributed to ongoing safety concerns surrounding Boeing's 737 MAX aircraft. Following two fatal crashes in 2018 and 2019, the jet was grounded worldwide for nearly two years. While it has since been cleared to fly, some airlines remain hesitant to purchase the aircraft.

Remaining Challenges

Boeing faces additional challenges as it works to restore its reputation and increase its market share. The company is grappling with supply chain disruptions, rising costs, and intense competition from Airbus.

Despite these obstacles, Boeing remains committed to regaining its position as the world's leading commercial aircraft manufacturer. The company is investing heavily in research and development, and has announced plans to increase production of its popular 737 MAX aircraft.