- Wednesday, October 16, 2024
Airbus, the European plane maker, has announced a rise in revenue and earnings for the third quarter of the year. Despite ongoing challenges in the supply chain, the company remains committed to delivering 720 commercial planes by the end of the year.
By the end of October, Airbus had already delivered 559 aircraft to customers. To meet its annual target, the company plans to send out an additional 161 planes in November and December. Last year, Airbus had aimed for 720 deliveries but faced setbacks due to supply-chain issues.
Chief Executive Guillaume Faury emphasized the strong demand for Airbus' commercial aircraft, particularly in the wide-body market. However, he acknowledged that the supply chain continues to pose challenges as production ramps up.
Looking ahead, Airbus maintains its production goals. By 2026, the company plans to produce 75 of its A320 narrow-body aircraft per month. For its A330 wide-body, Airbus aims for a production rate of four aircraft per month by 2024. The production target for its larger A350 model has been revised to ten aircraft per month by 2026, up from the previous goal of nine per month.
Amid the COVID-19 pandemic, Airbus had initially reduced production of its wide-body planes due to travel restrictions and reduced air travel. However, with the surge in demand for international air travel, airlines are now seeking to expand their capacity and are eager to acquire new planes.
Overall, Airbus remains optimistic about its future prospects and is confident in its ability to navigate the prevailing supply-chain challenges.
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