Airbus may have benefited from Boeing's struggles, but it isn't smooth sailing for the rival aviation giant

• Airbus stock fell 11% after cutting 2023 delivery targets due to supply chain issues.
• It spells problems for airlines as Boeing has also reduced production.
• Airbus' A320neo family outsells the 737 Max but further plans for growth may have been too ambitious.

Airbus stock dropped as much as 11% on Tuesday after it reduced delivery targets, citing supply chain issues.

The European planemaker announced Monday that it intends to deliver around 770 commercial jets this year, down from 800.