Aircraft Price Index YoY
+4.2%
Lease Rate Index YoY
+6.8%
Airbus Deliveries YTD
142
Boeing Deliveries YTD
98
First Flights This Period
18
Programs on Watch
3

Market Price Movers

Q1 2025 vs Q1 2024
A320neo Airbus
+8.2%
A350 Airbus
+5.9%
787 Boeing
+3.4%
737 Boeing
-2.1%
777X Boeing
-0.8%

Top Lease Rate Changes

Q1 2025 vs Q1 2024
A220 Airbus
+12.5%
A320neo Airbus
+9.7%
787 Boeing
+6.3%
737 Boeing
+4.1%
767 Boeing
+1.2%

Narrowbody vs Widebody Snapshot

Market Price YoY
Narrowbody +5.8%
Widebody +3.2%
Lease Rate YoY
Narrowbody +8.4%
Widebody +5.1%
Deliveries YTD
Narrowbody 184 units
Widebody 56 units

OEM Delivery Momentum

Monthly 2025

First Flights Tracker

Q1 2025
Mar 28
A350-1000
Airbus
Complete
Mar 15
787-9
Boeing
Complete
Feb 22
A320neo
Airbus
Complete
Feb 8
737 MAX 8
Boeing
Complete
Jan 19
A220-300
Airbus
Complete

Program Divergence

Current vs Historical Pace
A320neo +18%
Accelerating vs 2019-2024 avg
A350 +12%
Strong recovery trajectory
787 +3%
Gradual ramp-up
737 -12%
Below historical cadence
777X -45%
Significant delays

What Changed This Period

Q1 2025 Highlights
Airbus Delivery Surge
A320neo family deliveries up 22% YoY, strongest quarter since 2019
Mar 2025
Narrowbody Lease Rates Tighten
A220 and A320neo lease rates strengthen on supply constraints
Mar 2025
Boeing 737 Production Variance
Monthly delivery volatility continues, down 8% YoY in Q1
Mar 2025
777X Timeline Extended
First delivery timeline shifted, monitoring entry-into-service readiness
Feb 2025

Watchlist Risks / Weakness

777X High
Prolonged certification delays, delivery schedule uncertainty
767 Medium
Legacy program with limited production visibility
737 Production Medium
Rate volatility affecting delivery consistency

Strongest Recovery Signals

A320neo Family Strong
Sustained delivery momentum, robust lease demand, pricing power
A350 Strong
Widebody recovery leader, consistent production ramp
A220 Emerging
Strong lease rate growth, increasing operator adoption
787 Moderate
Steady production recovery, stable demand fundamentals