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AIRBUS plans to deliver more planes to customers in 2024 even as supply chain problems continue to plague the European aircraft manufacturer.
In its 2023 performance report, Airbus reported good results for its commercial aircraft business. The company signaled that there is more to come this year by setting a delivery target of 800 commercial aircraft, 65 more than in 2023.
“We are making progress in increasing production against the background of an operating environment that is still complex and influenced by supply chain challenges and geopolitical conflicts, so in my opinion, this is quite a good achievement,” said Airbus CEO Guillaume Faury, quoting CNBC, Friday (02/16), 2024.
Faury indicated that Airbus would not see any near-term headwinds from airlines. Airbus also has a large number of orders for its A320 narrow-body jets. What’s happening in the wider industry. If it refers to a competitor’s situation, it clearly has an impact.
But he said the company is focusing on orders with existing customers. The company also does not depend on what things happen outside the current moment.
Faury emphasized that opening orders for new aircraft will be available in the next decade. So, this will have more of an impact on the competitive position of both companies in the long term than in the short term.
Airbus reported adjusted earnings before interest and tax rose 4% to 5.8 billion euros or US$6.2 billion. The company’s revenue also rose 11%. The company also announced plans to pay a special dividend to shareholders in addition to its regular dividend, reflecting its growth prospects and strong balance sheet including cash that increased 14% to 10.7 billion euros.
Airbus’ fate is in contrast to its rival, Boeing. Boeing is currently battling manufacturing quality control issues following the 737 Max 9 jetliner incident last month. [sources/photo special]
