At the year's biggest air show, Boeing and Airbus orders were muted. Supply chain worries were not
Publishing timestamp: 2024-07-30 12:52:07
Summary
Boeing and Airbus are facing production issues and shortage of skilled workers post-pandemic. Both companies are struggling to ramp up production while dealing with the aftermath of the pandemic. Boeing reported a loss for the second quarter and is trying to increase production of its Max planes. Airbus is also facing supply chain issues and has cut its delivery targets for the year. Both manufacturers are dealing with parts shortages and the loss of skilled workers, which will take years to fix. Airlines are also facing a shortage of new, more fuel-efficient planes.
Sentiment: MIXED
Keywords: life, aerospace and defense industry, business news, travel, airbus se, united airlines holdings inc, breaking news: business, boeing co, transportation, airlines, business,
Source: https://www.cnbc.com/2024/07/30/farnborough-air-show-boeing-airbus-orders-supply-chain-woes.html