Airbus Targets 720 Plane Deliveries on Resurgent Air Travel Demand -- Update
16 Fevereiro 2023 - 04:48AM
Dow Jones News
By Mauro Orru
Airbus SE expects to deliver more commercial aircraft this year
than in 2022 and is planning to boost production rates of its
wide-body aircraft as it seeks to cash in on resurgent demand for
air travel after years of restrictions and border closures.
The European plane maker said Thursday that it aims to deliver
roughly 720 planes to customers this year. The company delivered
661 aircraft in 2022, below the 720 target it had originally set
out due to supply-chain snags.
"The company had to adjust its operations accordingly, which led
to lower commercial aircraft deliveries than originally planned. We
are adapting our production to match supply," Chief Executive
Guillaume Faury said.
The company had plans to lift narrow-body production to 75
aircraft a month by the middle of the decade, but it is now
targeting a monthly rate of 65 by the end of 2024 and 75 in 2026.
For its A330, production reached around three a month at the end of
2022 and Airbus is planning for four a month in 2024. Production of
its bigger A350 model should reach nine a month at the end of 2025
from around six currently.
Airbus had slashed production of its wide-body planes early in
the pandemic, when travel restrictions and border closures brought
international traffic to a near standstill. Now, airlines are
scrambling for planes to expand capacity to meet surging demand for
international air travel.
Earlier this week, Air India Ltd. agreed to purchase 210 A320
narrow-body jets and 40 of Airbus's largest airliner in production,
the A350 wide-body. The Indian carrier is also buying 220 planes
from rival Boeing Co.
Airbus posted revenue of 20.64 billion euros ($22.06 billion)
for the fourth quarter of 2022, up from EUR16.99 billion the
Adjusted earnings before interest and taxes--a key profitability
metric--climbed to EUR2.15 billion from EUR1.50 billion for the
Quarterly reported net profit increased to EUR1.68 billion from
EUR1.58 billion, bringing profit for the year to EUR4.25 billion,
Airbus was expected to report revenue of EUR20.44 billion,
adjusted earnings of EUR1.95 billion and profit of EUR1.34 billion
for the fourth quarter, according to a company-provided consensus
that gathered estimates from 23 analysts.
The company said it will propose a EUR1.80 per share dividend
for 2022, above the EUR1.50 a share it paid for the previous
For 2023, Airbus expects adjusted earnings of around EUR6
billion. Free cash flow before mergers and acquisitions and
customer financing--another closely-watched metric by analysts and
investors--should come in at around EUR3 billion.
Airbus on Wednesday tapped Thomas Toepfer from German chemicals
company Covestro AG to succeed Dominik Asam as chief financial
officer. Mr. Asam is moving to German business-software maker SAP
SE as CFO.
"I am looking forward to working with him on the Airbus
executive committee as we continue to ramp-up production and secure
our long-term ambitions in a complex operating environment," Mr.
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
February 16, 2023 02:33 ET (07:33 GMT)
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