TBM Staff - Mumbai
Airbus aims to deliver more aircraft to customers in 2024, despite ongoing supply chain challenges. The company reported healthy results for its commercial aircraft business and set a target of 800 commercial aircraft deliveries, which is 65 more than in 2023.
Guillaume Faury, CEO, noted that this achievement was significant given the complex operating environment, which includes supply chain issues and geopolitical conflicts. Airbus’s fortunes contrast with those of U.S. rival Boeing, which is facing manufacturing quality control concerns. Faury indicated that Airbus would not see any short-term bump from airlines switching suppliers, as it already has a substantial order backlog for its A320 narrow-body jets.
Openings for new airplane orders will not be available until the next decade, according to Faury, which would primarily impact the long-term competitive positioning of the two companies rather than the short term.
Airbus reported a 4% increase in adjusted earnings before interest and tax, reaching USD 6.2 billion, for its latest annual earnings report. Revenue also climbed by 11% during the same period. The company announced plans to pay shareholders a special dividend on top of the regular dividend, reflecting growth prospects and a strong balance sheet, including a cash pile that rose by 14% to EUR 10.7 billion.
