Airbus Is Making Life Easy for Boeing
The two fatal Boeing (NYSE: BA) 737 MAX crashes -- and the subsequent grounding of that model -- have captured most of the headlines in the aviation world over the past year. Indeed, Boeing has suffered a big setback to its reputation and financial performance.
However, Airbus (OTC: EADSY) has been unable to capitalize on Boeing's woes for the most part. That's because the European aircraft manufacturer's dreadful operational performance has continued in 2019. Airbus is falling short of its delivery targets, its profit and cash flow are under pressure, and customers are becoming fed up.
Last week, Airbus reported its financial results for the first half of 2019, and the numbers weren't pretty. On the bright side, the company posted an adjusted operating profit of 2.5 billion euros ($2.8 billion) in the first half of the year, more than double the profit it generated a year earlier. This compared favorably to Boeing's $1.8 billion operating loss over the same period.
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