Boeing(US:BA) Zhi Tong Cai Jing·2025-12-09 11:10Core Insights - The International Air Transport Association (IATA) has expressed declining confidence in Airbus's ability to meet its aircraft delivery targets due to ongoing aerospace supply chain issues, while Boeing's delivery performance has shown significant improvement compared to previous years [1][2] Group 1: Airbus - Airbus has faced quality issues with the A320 fuselage metal skin, software fixes, and ongoing supply chain tensions, leading to a downward revision of its 2025 delivery target from 820 aircraft to 790 [1] - The repeated downward adjustments in delivery guidance and Boeing's relative recovery in delivery performance have contributed to a sharp decline in market confidence in Airbus's delivery commitments [1][2] - The CEO of Airbus had previously maintained a target of delivering 820 aircraft in 2025 as recently as September, but was forced to revise this target in December, undermining trust in the company's delivery management capabilities [2] Group 2: Boeing - Boeing has improved its delivery performance after undergoing a series of self-restructuring measures, including regulatory production limits and the acquisition of Spirit AeroSystems [2] - IATA has publicly acknowledged Boeing's delivery performance as having "significantly improved," contrasting with Airbus's recent struggles [2] - The perception of Boeing as a less reliable manufacturer has shifted, as the company has managed to stabilize its delivery performance following the 737 MAX safety incidents [2]