Headline : Airbus needs a big month to meet its 2024 delivery goals

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Airbus (AIR-0.38%) might yet find a way to meet the lowered expectations it set for itself this year. Reuters, citing sources within the aerospace industry, reports that the French plane-maker delivered 80 planes to its customers in November, which would put a 2024 year-end delivery target within reach.

In June, Airbus told investors it expected to make “around 770 commercial aircraft deliveries.” Through October, the company has officially made 559. With the yet-to-be-confirmed Reuters number in the mix, that would leave Airbus 139 deliveries of its goal. For a sense of whether that’s possible: the company delivered 112 planes last December. The word “around” could give Airbus wiggle room in claiming victory.

When the door plug on a 737 Max plane produced by American rival Boeing (BA+1.25%) blew out mid-flight in January, Airbus looked set to widen a market share gap opened up by Boeing’s prior 737 Max crises, a pair of fatal plane crashes in 2018 and 2019. A Federal Aviation Administration-imposed production slowdown meant Boeing would have to take its foot off the gas while addressing safety and quality-control problems.

Earlier this year, Airbus affirmed its guidance to deliver 800 planes. But then it began to run into its own struggles — such as engine troubles and other supply chain difficulties — and cut that guidance halfway through the year. On top of that, continuing issues with Pratt & Whitney (RTX+1.10%) engines installed on Airbus jets were giving its customers fits.

Read more from the original article on here at qz.com.

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