Airbus nearly hits 2024 delivery target with 766 aircrafts

Investing.com -- Airbus SE (OTC:EADSY ) has come close to its projected aircraft delivery target for 2024, having delivered 766 aircraft, marking the highest rate in six years.

This surge in deliveries comes as customers are increasingly opting for more fuel-efficient models such as the A321neo.

The 766 aircraft delivered were just four short of the company's target of 770 aircraft for 2024. This goal seemed far-fetched for a significant portion of last year, as the aircraft manufacturer faced challenges in increasing its production rate.

The A321neo model played a significant role in Airbus's deliveries, accounting for 60% of its narrowbody aircraft deliveries. This has further solidified the A321neo's position as the world's top-selling aircraft.

In addition to the high delivery rate, Airbus also reported a total of 826 net orders for the previous year. This has increased the company's backlog to a total of 8,658 planes.

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Source: Investing.com