Boeing must turn its fortunes around this year to avoid falling further behind Airbus, which plans a production increase as it fixes its supply chain.

Boeing's 2024 deliveries fell by about a third from a year earlier to 348 airplanes. The company's delivery gap with rival Airbus widened as the European plane maker handed over 766 jetliners. Boeing struggled to ramp up production and deliveries due to a midair door plug blowout in January 2024 and then a machinist strike in the fall.

Boeing delivered less than half the number of commercial aircraft to customers than its European rival in 2024, The American aerospace giant reported on Tuesday that it supplied 348 jetliners during the year.

Airbus (AIR) delivered more than twice as many commercial planes as rival Boeing (BA) in 2024, as the latter struggled amid a flurry of controversies and technical issues.

Deliveries of new Boeing jets bounced back in December after a crippling labor strike that slowed production last fall, but the company's annual deliveries dropped in 2024 to the lowest level since the COVID-19 pandemic.

Key Takeaways Boeing was the worst-performing stock in the Dow Jones Industrial Average Tuesday after the company reported declining plane deliveries.The American plane maker's Q4 and 2024 delivery figures were well below those of European rival Airbus,

Boeing’s (NYSE:BA) deliveries of commercial planes rebounded in December as the aviation giant resumed production after the end of a seven-week strike. But its yearly deliveries fell to the lowest since the pandemic curbed demand for air travel.