本文字数：1480，阅读时长大约2分钟 作者 | 第一财经 陈姗姗 第一财经记者独家获悉，2023年担任波音中国总裁的柳青近日退休，原本在波音民机销售部门工作 的沈忱（Carol Shen）被任命为代理董事总经理，此前公司并没有这一职位。 2025.08. 25 在前波音中国总裁谢利嘉（Sherry Carbary）宣布于2023年退休后，1957年出生的美籍华人柳青被 任命为波音中国总裁。 在担任波音中国总裁之前，柳青负责波音在中国的政府关系团队，还曾在福特汽车、克莱斯勒汽车及 克莱斯勒-戴姆勒公司担任领导职务。 近20年来，波音任命的5位中国总裁中，有3位从总部或从其他大区调任，任职前少有在华任职的经 历，柳青可以说是对中国更加了解的波音管理层。 不过在柳青任职波音中国总裁期间，波音也经历了来自美国的监管危机和罢工重创，这一度影响公司 的民机生产和交付。而随着2024年波音总部高管的调整，目前公司正在稳步恢复生产能力。 交付和订单恢复 根据波音公布的2025年第二季度财报，得益于商用飞机交付量的显著回升，公司营收同比增长35% 至227.5亿美元，不过第二季度仍未扭亏，但6.12亿美元的净亏损比去年同期的 ...

Core Viewpoint - Both Boeing and Airbus, the world's largest commercial aircraft manufacturers, are improving their production rates and financial conditions but still face significant challenges before fully recovering to a stable state [1] Financial Performance - Airbus reported a revenue of €29.6 billion for the first half of 2025, a 3% increase from €28.8 billion in the same period last year [2] - The EBIT (Earnings Before Interest and Taxes) for Airbus was €1.617 billion, up from €1.456 billion year-on-year [2] - Airbus's commercial aircraft segment generated €20.8 billion in revenue, a 2% decline compared to the previous year [2] - Boeing's Q2 revenue reached $22.75 billion, with a total revenue of $42.2 billion for the first half of the year, marking a 35% and 26% increase respectively [3] - Boeing's net loss for Q2 was $612 million, significantly reduced from $1.44 billion in the same quarter last year [3] Delivery and Orders - Airbus delivered 306 commercial aircraft in the first half of 2025, down from 323 in the same period last year [2] - Boeing's delivery of new aircraft reached 150 in Q2, totaling 280 for the first half, a substantial increase from 175 year-on-year [3] - Boeing's net order volume in Q2 was 455 aircraft, including high-value models like the 777X and 787 series [4] Production Capacity and Challenges - Boeing's current backlog includes nearly 6,000 aircraft valued at over $600 billion [6] - Boeing's 737 series production rate has reached 38 aircraft per month, with plans to increase to 42 pending regulatory approval [6] - Airbus aims to achieve a monthly production rate of 75 A320 aircraft by 2027, with ongoing production challenges affecting A350 and A220 projects [7] Market Environment - Recent agreements between the US and major economies, including the EU and China, have restored low or zero tariffs on aircraft manufacturing and parts, alleviating potential cost increases for airlines [8] - The aviation industry continues to face a complex operational environment, but recent tariff agreements are seen as a positive development for manufacturers [8]

Core Viewpoint - American Airlines has received its first Airbus A321XLR long-range aircraft, but it will remain in Europe due to supply chain issues causing a shortage of seats [1] Group 1: Aircraft Acquisition - The company signed the acceptance documents for the aircraft in Hamburg, Germany [1] - American Airlines had ordered a total of 50 long-range aircraft in 2019 [1] Group 2: Operational Plans - The airline plans to use the aircraft on transcontinental routes in the U.S. later this year before transitioning it to international services [1] Group 3: Supply Chain Challenges - The aircraft will stay in Europe until the current seat supply chain challenges are resolved [1] - The company did not disclose the name of the seat manufacturer involved in the supply chain issues [1]

Core Viewpoint - American Airlines has received its first Airbus A321XLR long-range aircraft, but it will remain in Europe due to a shortage of seats caused by supply chain issues [1] Summary by Relevant Sections Aircraft Acquisition - American Airlines signed documents to accept the aircraft in Hamburg, Germany on Friday [1] - The airline had ordered 50 of these long-range aircraft in 2019 [1] Operational Plans - The plan is to initially deploy the first aircraft on transcontinental routes within the U.S. later this year, followed by international service [1] Supply Chain Issues - The aircraft will stay in Europe until the current seat supply chain issues are resolved [1] - The company did not disclose the name of the seat manufacturer [1]

市场消息：美国航空公司的新型空客飞机因供应链问题停飞。 ...

Group 1 - The International Air Transport Association (IATA) has downgraded its global airline industry net profit forecast for 2025 to $36 billion, down from the previous estimate of $36.6 billion, due to trade tensions and declining consumer confidence [1] - IATA predicts that total revenue for the global airline industry will reach $979 billion in 2025, with passenger numbers expected to hit 4.99 billion, both lower than previous forecasts [1] - IATA's chairman, Walsh, emphasized that increasing trade barriers could harm the economy and the airline industry, while calling for governments to keep aerospace out of trade wars [1] Group 2 - The recovery of the civil aviation passenger market post-pandemic has led to record numbers of travelers, but airlines are facing challenges due to aircraft delivery delays and supply chain bottlenecks [2] - There is a backlog of over 17,000 aircraft orders globally, significantly higher than the pre-pandemic backlog of 10,000-11,000, indicating potential delivery times extending up to 14 years [2] - IATA's report indicates that the average age of airline fleets has increased from 13 years in 2015 to 15 years, with fleet replacement rates at only half of what they were in 2020 [3]

Core Insights - The global airline industry is expected to achieve net profit growth in 2025, primarily due to a significant decrease in fuel prices, despite ongoing supply chain challenges faced by airlines worldwide, including those in China [1][8]. Financial Projections - The net profit for Asia-Pacific airlines is projected to reach $4.9 billion in 2025, an increase from $4 billion in 2024 [2][3]. - The revenue per passenger for Asia-Pacific airlines is expected to rise to $2.6 in 2025 from $2.3 in 2024 [2][3]. Regional Performance - Asia-Pacific is the largest air passenger market globally, with China accounting for over 40% of the region's passenger volume [4]. - Chinese airlines collectively returned to profitability in 2024, with a total profit of 4.47 billion yuan, although major state-owned airlines reported losses exceeding 6 billion yuan [4][5]. - Private airlines such as Spring Airlines, Juneyao Airlines, and Huaxia Airlines reported profits of 2.273 billion, 914 million, and 268 million yuan, respectively [5]. Challenges and Market Dynamics - The recovery of international routes is crucial for the profitability of Chinese airlines in 2025, as domestic market competition remains intense with oversupply issues [5][6]. - The International Air Transport Association (IATA) highlighted that North American airlines are expected to have the highest profitability, with a projected net profit of $12.7 billion in 2025, while Middle Eastern airlines will have the highest profit per passenger at $27.2 [5][6]. Industry Outlook - IATA forecasts an overall airline industry profit of $36 billion in 2025, driven by a 13% decrease in fuel prices compared to 2024 [8]. - Global passenger traffic is expected to reach 4.99 billion, marking a 4% increase from 2024, while air freight volume is projected to grow by 0.6% to 6.9 million tons [8]. - Supply chain issues, including a backlog of over 17,000 aircraft, are anticipated to persist, potentially affecting delivery times for new aircraft [8][12].

Core Viewpoint - The Federal Reserve Chairman Jerome Powell stated that the Federal Reserve does not have effective tools to address supply chain issues [1] Group 1 - The Federal Reserve's limitations in addressing supply chain problems highlight the challenges faced by the economy [1]

Core Viewpoint - Federal Reserve Chairman Jerome Powell indicated that supporting demand is a somewhat inefficient way to address supply chain issues [1] Group 1 - The statement reflects the Fed's approach to managing economic demand in the context of ongoing supply chain challenges [1]

Core Viewpoint - The Federal Reserve lacks effective tools to address supply chain issues, indicating that its ability to support demand is an inefficient way to tackle these problems [1] Group 1 - Federal Reserve Chairman Powell stated that the central bank does not have good tools to resolve supply chain problems [1] - The approach of supporting demand is described as a low-efficiency method for addressing supply chain issues [1]