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Boeing and Airbus are aircraft manufacturers, not airlines. On the clearest measure of current execution—commercial aircraft delivered—Airbus is ahead. It delivered more aircraft in 2025 and 351 in the first half of 2026. Boeing is showing signs of recovery, including 171 commercial deliveries in Q2 2026, but its production and certification schedules remain important risks. Because 2026 is still underway, there is no full-year winner yet.
Who delivered more aircraft?
Airbus delivered 793 commercial aircraft in 2025, compared with Boeing’s 600. Those full-year figures, reported in each company’s FY 2025 results, give Airbus the stronger recent delivery record.
Airbus delivered 351 commercial aircraft in H1 2026, up from 306 in H1 2025. Boeing’s Q2 2026 results reported 171 deliveries for that quarter alone. That is evidence of Boeing’s continuing recovery, but it is not a like-for-like comparison with Airbus’s six-month total. The cited Boeing Q2 release does not provide a comparable full-year 2026 delivery target.
What do orders and backlogs say?
Orders indicate demand, while backlog represents aircraft contracted but not yet delivered. Neither tells you by itself how quickly a manufacturer can build, certify, and hand over aircraft.
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| Measure | Airbus | Boeing |
|---|---|---|
| 2025 net commercial orders | 889 (Airbus FY 2025 results) | Not stated in the cited Boeing FY 2025 results |
| 2025 year-end commercial backlog | 8,754 aircraft (Airbus FY 2025 results) | Not stated in the cited Boeing FY 2025 results |
| H1 2026 net commercial orders | 821 after cancellations (Airbus H1 2026 results) | Not stated for H1 in the cited Boeing Q2 results |
| Q2 2026 net commercial orders | Not stated for Q2 in the cited Airbus H1 results | 246 (Boeing Q2 2026 results) |
| Backlog at June 30, 2026 | 9,222 commercial aircraft (Airbus H1 2026 results) | More than 6,200 commercial aircraft, valued at a record $597 billion (Boeing Q2 2026 results) |
The backlog counts are not perfectly equivalent measures: Boeing’s reported figure includes a stated dollar value, while Airbus’s cited figure is a number of aircraft. Boeing’s SEC filing also warns that delays, production disruptions, and certification delays can affect backlog and results. A large backlog is potential future work, not realized deliveries or cash.
How are the companies performing financially?
Airbus’s H1 2026 results reported negative free cash flow of €1.166 billion before customer financing, partly driven by planned inventory build-up for production ramp-up. That interim cash figure should be read alongside the stated reason and the company’s full-year target, not treated as a full-year result.
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For 2026, Airbus targets around 870 commercial deliveries, €7.5 billion in adjusted EBIT, and €4.5 billion in free cash flow before customer financing. These are management targets, not achieved results. Airbus says they assume no additional disruption to trade or the economy, air traffic, the supply chain, internal operations, or its ability to deliver; the guidance includes current tariffs and excludes mergers and acquisitions.
Boeing’s Q2 2026 release reported commercial-airplane deliveries and orders, but the figures cited here do not establish a directly comparable full-year delivery target or a like-for-like H1 financial comparison. Boeing’s FY 2025 GAAP earnings per share were strongly affected by a $9.6 billion gain on the sale of Digital Aviation Solutions. That gain is not a measure of recurring aircraft profitability. Comparisons should distinguish Airbus adjusted EBIT from reported EBIT and Boeing commercial-airplane segment operating results from company-wide earnings.
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What could change the result before year-end?
Airbus: engine availability and ramp-up
Airbus has cited significant Pratt & Whitney engine shortages. Its delivery target therefore depends not only on its own production plans but also on whether suppliers can provide engines and other parts on schedule.
Boeing: production and certification schedules
Boeing reported a transition toward a 737 production rate of 47 aircraft per month. It expected certification of the 737-7 and 737-10 in 2026, with first deliveries expected in 2027; it also expected the first 777X delivery in 2027. These schedules are expectations, not completed milestones, and certification or production delays could affect deliveries and results.
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What is the fairest 2026 verdict?
Airbus leads on demonstrated delivery execution: it delivered more aircraft in 2025, and its H1 2026 results show a higher six-month total than in the same period a year earlier. Boeing’s Q2 figures show a recovery in progress, but that single-quarter delivery total should not be set against Airbus’s H1 total. Airbus’s engine constraints and Boeing’s production and certification risks also leave room for the standings to change. The full-year 2026 result remains open until both companies report their year-end performance.
Airbus CEO Guillaume Faury said in the company’s H1 2026 results release: “Our good H1 results mainly reflect the higher level of commercial aircraft deliveries and strong performance in Defence and Space, against the backdrop of a complex and fast-changing environment.” This is Faury’s characterization of Airbus’s results, not an independent assessment.
Quick Recap
Best Value
- Realistic airplane model: Officially licensed by Boeing 787 with authentic, highly detailed markings and designs accurate to the real plane
- Toy airplane for kids: This must-have for the young aviator in your life includes a single toy plane with rolling wheels and authentic livery
- Size: Plane model measures approximately 5.75 inches in length with a 5- inch wingspan, perfectly sized for easy display and handling
- Quality materials: Die-cast metal airplanes with plastic parts, no assembly required
- Let your imagination fly: Daron airplanes have brought smiles to kids and collectors since 1990 as America’s source of aviation-related collectibles and transportation themed toys
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