Airbus holds annual targets, bets on year-end delivery surge
The planemaker will need a record Q4 to hit its goal
Airbus has maintained its full-year forecasts and production plans after reporting mixed third-quarter earnings on Wednesday (Oct 28). The world's largest planemaker is targeting around 870 aircraft deliveries this year, which would be its highest tally ever, and has kept its production goals unchanged. Adjusted operating profit in the three months to Sep 30 reached 1.77 billion euros, aligning closely with analysts' estimates.
However, revenue fell by 2 percent to 17.47 billion euros, below the estimated 17.91 billion euros. Airbus usually delivers more aircraft in the latter months of the year, but has had to reduce targets in the past due to engine shortages and supply-chain issues. CEO Guillaume Faury emphasized the company's focus on delivery and quality despite a complex geopolitical and operating environment.
The company remains ahead of its US rival Boeing, which has already delivered 574 aircraft this year compared to Boeing's 475.
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