Airbus has reported a net profit for the first nine months of 2024 (9m) of €1.8 billion or €2.29 per share on a year-over-year increase in revenue of 5.0 percent to €44.5 billion.
On Wednesday (October 30, 2024), Airbus announced their financial results for the nine month period (9m) ending September 30, 2024. The company reported a nine month net profit of €1.8 billion or €2.29 per share on a 5.0 percent year-over-year increase in revenue to €44.5 billion. During the period, Airbus received 667 gross commercial aircraft orders, with net orders of 648 after cancellations. A total of 497 commercial aircraft were delivered during the period, including 45 A220s, 396 A320 Family, 20 A330s and 36 A350s. At September 30, 2024, Airbus had net cash totaling approximately €7.2 billion.
In Wednesday’s announcement, Airbus’ Chief Executive Officer, Guillaume Faury, said,
“We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges in our space business recorded in the first half. We are constantly adapting to a complex and fast-changing operating environment marked by geopolitical uncertainties and specific supply chain challenges that have materialised in the course of 2024. We remain focused on our priorities, including ramping up commercial aircraft deliveries and transforming our Defence and Space division.”
Airbus’ A220 program continues towards a monthly production rate of 14 aircraft in 2026, while the A320 Family program continues to ramp up towards a rate of 75 aircraft monthly in 2027. In late October the first Airbus A321XLR was delivered to Iberia. The company is also currently stabilizing A330 production at a rate of around four per month, while the A350 program is targeted to reach 12 per month in 2028. At the end of September 2024, Airbus’ commercial aircraft order backlog totaled 8,749 aircraft.
Source: Airbus
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