Based on recent revenue figures, Boeing appears to be richer than Airbus when their reported revenues are converted to a common currency.
Both Boeing and Airbus stand as titans in the aerospace and defense industries, particularly dominating commercial aircraft manufacturing. Their financial strength is often gauged by their annual revenues, which reflect their sales and market reach.
Understanding Their Financial Footprint
To compare the financial standing of these two global powerhouses, it's essential to look at their revenue streams.
- Boeing reported a revenue of approximately 77.8 billion U.S. dollars.
- Airbus reported a revenue of approximately 65.45 billion euros.
Since these figures are in different currencies, a direct comparison requires conversion to a common currency, typically the U.S. dollar, which is a global standard for financial reporting.
Currency Conversion for Direct Comparison
To compare Airbus's revenue to Boeing's, we convert euros to U.S. dollars. Using an approximate exchange rate of 1 Euro (EUR) = 1.08 U.S. Dollars (USD) (based on recent market averages), Airbus's revenue can be estimated in USD:
65.45 billion EUR * 1.08 USD/EUR ≈ 70.69 billion USD
Comparative Revenue Overview
The table below provides a clear side-by-side comparison of their estimated revenues in U.S. dollars:
| Company | Reported Revenue | Estimated Revenue (USD) |
|---|---|---|
| Boeing | 77.8 billion USD | 77.8 billion USD |
| Airbus | 65.45 billion EUR | ~70.69 billion USD |
As the figures show, Boeing's revenue of 77.8 billion USD is higher than Airbus's estimated 70.69 billion USD, indicating Boeing's larger financial intake in the period reported. This financial data underscores their dominant positions as the two largest aerospace and defense manufacturers globally. For more detailed statistics and facts, you can explore information available on reputable financial data platforms such as Statista.
