April 13, 2024
Airbus earnings,Q1 results,Core earnings,Helicopters segment,Airplane deliveries,Currency effects,Production targets,Financial targets,A350 freighter,Supply chain disruption

Airbus (AIR.PA) has reported a smaller than expected fall in its first quarter core earnings, despite facing the impact of fewer airplane deliveries and negative currency effects. The company’s strong performance in its helicopters segment helped to offset some of the hit, enabling it to achieve better than anticipated results.

According to its latest financial report, Airbus reported a 2% decline in its core earnings to €1.2 billion ($1.45 billion) in the first quarter of 2023, compared to the same period last year. This figure was higher than the expected decline of 10% predicted by analysts.

The world’s largest planemaker also reaffirmed its production and financial targets for the year. However, Airbus warned that supply chain disruptions could impact its operations throughout the year.

The company also announced that the launch of its A350 jetliner freighter version would be delayed by a few months to early 2026. The decision was made in response to ongoing challenges in the aviation industry caused by the COVID-19 pandemic.

Despite these challenges, Airbus remains optimistic about its future prospects. The company’s CEO, Guillaume Faury, said that he was confident that Airbus would emerge from the pandemic as a stronger and more resilient business.

Overall, Airbus’ Q1 results demonstrate that the company continues to navigate through the ongoing turbulence in the aviation industry, and remains on track to meet its long-term goals.

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