Airbus aims for record deliveries despite disappointing quarter
Airbus needs to deliver 323 aircraft to meet its annual target, but it usually delivers a large number of planes at the end of the year.
European aircraft manufacturer Airbus has maintained its goal of delivering a record 870 commercial aircraft this year, despite a decline in third-quarter revenues. The company reported a 2% drop in revenues to €17.5 billion, but a 20% increase in net profit to €1.3 billion for the period ending September. However, the number of aircraft delivered in this quarter fell to 196, down from 201 in the same period last year.
Guillaume Faury, Airbus' CEO, emphasized the company's unwavering focus on meeting its objectives, despite the complex geopolitical and operating environment. To achieve the target, Airbus needs to deliver 323 aircraft in the current quarter, a task which its commercial aircraft unit head Lars Wagner is confident they can accomplish as most of the aircraft are in the final stages of assembly.
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