Airbus Cuts Guidance as Supply-Chain Snags Continue to Bite
5 months, 4 weeks ago

Airbus Cuts Guidance as Supply-Chain Snags Continue to Bite

Live Mint  

-- Airbus SE cut its earnings and aircraft-delivery goal for the year because persistent supply-chain issues are depriving the European planemaker of vital components, dealing a setback to the company at a time when demand for its aircraft is at a record. Airbus has long warned of supply-chain issues and a lack of skilled workers, after the pandemic first grounded the global aviation industry and then left it unprepared once air travel came roaring back. Compounding Airbus’s woes are issues afflicting the engines on its bestselling A320 model, which is powered by RTX Corp.’s Pratt & Whitney model and the Leap variant made by the CFM International Inc. consortium. As a result, Airbus will “evaluate all strategic options such as potential restructuring, cooperation models, portfolio review and M&A options.” The revision comes shortly before the end of Airbus’s second quarter.

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History of this topic

Europe's Airbus to lay off 2,500 as it tries to turn around its space and defense division
2 months, 1 week ago

Europe's Airbus to lay off 2,500 as it tries to turn around its space and defense division

The Independent  

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Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger
10 months, 1 week ago

Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger

Associated Press  

PARIS — Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. “We progressed on our production ramp-up against a backdrop of an operating environment that remains complex and affected by supply chain challenges and geopolitical conflicts so at the end that’s quite an achievement in my view,” …

Boeing orders rise to 4-year high but still trail Airbus
1 year, 11 months ago

Boeing orders rise to 4-year high but still trail Airbus

Associated Press  

Boeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but it failed again to catch up with European manufacturer Airbus in orders and aircraft deliveries. And Boeing scored more widebody orders last year — Airbus wound up with more cancellations than new sales for its biggest planes. Boeing’s 2022 results …

Airbus’s plan to ramp up production of bestselling jet hits snags
2 years, 10 months ago

Airbus’s plan to ramp up production of bestselling jet hits snags

Live Mint  

Airbus SE tempered expectations for sharply boosting production of its bestselling jet, blaming supply-line challenges that threaten its ambition to rapidly widen a market-share advantage it opened with Boeing Co. during the pandemic. On Thursday, Airbus said that demand remained promising, but that retooling its supply chain after the pandemic slowdown, labor shortfalls and a surge in raw-material and energy …

After 2 years of pandemic losses, a record profit for Airbus
2 years, 10 months ago

After 2 years of pandemic losses, a record profit for Airbus

Associated Press  

AMSTERDAM — Airbus booked a record profit of 4.2 billion euros last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It’s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros for Airbus last year. CEO Guillaume Faury said “2021 was a year of transition, where our …

Airbus says deliveries of new airline jets are nosing higher
2 years, 11 months ago

Airbus says deliveries of new airline jets are nosing higher

Associated Press  

Airbus said Monday that it delivered 611 passenger jets in 2021, an 8% increase over 2020 but an indication that airlines are still cautious about adding new planes during a pandemic that has reduced travel worldwide. More than three-quarters of last year’s deliveries were for planes in Airbus’ A320 family, which are mostly used for short and medium-length flights. Airbus …

Tale of two aircraft companies: While Airbus returns to profit, Boeing still in the red
3 years, 1 month ago

Tale of two aircraft companies: While Airbus returns to profit, Boeing still in the red

Firstpost  

The world’s dominant aerospace companies will seek new business as they attend the five-day Dubai air show on Sunday The aviation industry is slowly recovering from last year’s Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises. The world’s dominant aerospace companies will seek new business …

Airbus Deliveries Jump 36% for Third Straight Monthly Gain
4 years, 4 months ago

Airbus Deliveries Jump 36% for Third Straight Monthly Gain

Live Mint  

Airbus SE delivered 49 new jets to its customers last month, overcoming travel restrictions and virus-afflicted demand to post its third straight monthly increase. Deliveries were boosted by a system that delegates some essential customer checks to the manufacturer’s own engineers, people familiar with the matter said earlier, asking for anonymity discussing data that hadn’t yet been made public. The …

Airbus Reports 50 Percent Drop in Plane Deliveries as Covid-19 Crisis Batters Aviation Market
4 years, 4 months ago

Airbus Reports 50 Percent Drop in Plane Deliveries as Covid-19 Crisis Batters Aviation Market

News 18  

European planemaker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash. The company, based in France, said Thursday that its deliveries fell almost 50 per cent to 196, with revenue sliding almost 40 per cent to 18.9 billion euros. "The impact of the COVID-19 pandemic …

Boeing posts three-month loss of $2.4 billion
4 years, 4 months ago

Boeing posts three-month loss of $2.4 billion

CNN  

New York CNN Business — Boeing lost $2.4 billion over the past three months, the company revealed Wednesday. The company is still in the early stages of resuming production of its 737 Max jets, which was Boeing’s best-selling aircraft but has been grounded since March 2019 following two crashes that killed 346 people. “The reality is the pandemic’s impact on …

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