According to Rajesh Kumar Singh at Reuters, “The global Airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus.”

The Boeing Company is an aerospace company which operates in three segments; Commercial Airplanes (BCA) Defense, Space and Security (BDS), Global Services (BGS). Their Commercial Airplane segment develops, produces, and markets commercial jet aircrafts to the commercial airline industry worldwide. The Space and Security segment engages in research, development, production and modification of manned and unmanned military aircraft and weapons systems strike, surveillance and mobility. The Global services segment provides services to commercial and defense customers worldwide, it sustains aerospace platforms and systems with a range of products and services such as supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversations, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.

According to Chris Isidore and Gregory Wallace at CNN the cause as to why Boeing Company is doing so badly is due to ongoing safety and quality questions about Boeing’s production line; which was raised by the door plug incident back in January on the 5th, Alaska air flight was left with a gaping hole in the inside of the plane.

Airbus Se, formerly Airbus Group SE is an aerospace and defense company from the Netherlands. The company works through three segments; Airbus, Airbus helicopters, and Airbus Defence and Space. The first segment (Airbus) focuses on the development, manufacturing, marketing and sale of commercial jet aircraft along with aircraft components, as well as on aircraft conversion and related services. The second segment (Airbus Helicopters) specializes in the making; development and manufacturing and the marketing and sale of civil and military helicopters, along with the provision of helicopter related services. The third and last segment (Airbus Defence and Space) produces military combat training aircraft, provides defense electronics and global security market solutions and manufacturers and market missiles.

According to Reuters at U.S News, Air carriers are spending billions of dollars to repair and keep older, less fuel-efficient jets and paying a premium to secure aircraft from lessors while some carriers are being forced to “trim their schedules” to cope with the lack of available planes. With the lack of available planes, travelers globally are set to hit historic levels with 4.7 billion people expected to travel in 2024 compared to 2019 with 4.5 billion people traveling.