Results, production rate: Airbus takes stock after 9 months in 2023

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With 488 planes delivered over the first 9 months of 2023, Airbus published consolidated financial results for the nine months ended September 30, 2023. The rise in production rates For the A220 (13 aircraft per month in 2026), the family A320 (75 aircraft announced per month in 2026), the A350 (10 planes per month in 2026), the A330 (4 per month in 2024) continues while awaiting certification of the A321XLRand entry into service planned for the second quarter of 2024.

Gross orders for commercial aircraft were 1,280 (for the 9 months of 2022 the total was 856 aircraft) with net orders of 1,241 aircraft after cancellations (9 months 2022: 647 aircraft). The order book amounts to 7,992 commercial aircraft at the end of September 2023. “We continue to make operational progress in a global environment that has become increasingly complex. The nine-month result reflects the increase in commercial aircraft deliveries, the good performance of helicopters as well as charges linked to the reassessment of certain satellite development programs.declared Guillaume Faury, president and CEO of Airbus. “Demand for our commercial aircraft is very strong with a continued recovery in the wide-body market. We expect the supply chain to remain challenging as we move forward with ramping up production. In this context, we maintain our forecasts for the whole year. »

Consolidated revenues increased by 12% over one year to reach 42.6 billion euros (9 months 2022: 38.1 billion euros). In total, 488 commercial aircraft were delivered (9 months 2022: 437(1)(2) aircraft), including 41 A220, 391 of the family A320, 20 A330 And 36 A350. Revenue from Airbus’ commercial aircraft business increased 18%, primarily reflecting increased deliveries.

The rise of A220 program continues towards a monthly production rate of 14 aircraft in 2026. Production of the A320 family program is progressing well towards the previously announced rate of 75 aircraft per month in 2026. The modernization and digitalization of the industry The system continues , as illustrated by the inauguration of the A321XLR equipment installation hangar in Hamburg. The A321XLR progresses towards certificationwith entry into service planned for the second quarter of 2024. On wide-body aircraft, the European aircraft manufacturer has decided to increase the production rate of the A350 to 10 aircraft per month in 2026 and continues to target a rate of 4 for the A330 in 2024.

Adjusted EBIT related to Airbus’ commercial aircraft business increased to €3,216 million (9M 2022: €2,875 million), reflecting higher deliveries and a more favorable coverage ratio, partially compensated by investments to prepare for the future.

Concerning other Airbus divisions, deliveries ofAirbus Helicopters increased slightly to 197 units (9 months 2022: 193 units), with revenue up 3%, reflecting the overall performance of all programs and services. The turnover ofAirbus Defense and Space decreased 6%, primarily due to a delayed A400M delivery profile and updated estimates upon completion of certain satellite development programs. A total of 4 A400M military transport aircraft were delivered (9 months 2022: 7 aircraft).

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