Airbus SE announced it expects to deliver about 870 commercial aircraft to customers in 2024, representing an increase from the 793 aircraft delivered in 2023, despite ongoing supply chain challenges affecting the aviation industry.

The European aircraft manufacturer is maintaining its delivery guidance even as the industry faces constraints related to Pratt & Whitney engine availability. Engine supply issues have affected various aircraft programs across the aviation sector in recent months.

The delivery target comes as Airbus reported declining profits alongside slower jet delivery rates in recent financial results. The company has been working to ramp up production while navigating supply chain bottlenecks that have impacted the broader aerospace manufacturing sector.

Airbus's delivery projections reflect the company's efforts to meet strong demand for commercial aircraft as airlines continue to expand and modernize their fleets following the recovery from pandemic-related travel disruptions. The target of 870 deliveries would represent a roughly 10% increase over the previous year's performance.

The aircraft manufacturer's ability to meet its 2024 delivery goals will depend on resolving ongoing supply chain issues, including engine production constraints that have affected multiple aircraft programs industry-wide.