Meeting delivery goals and overcoming supply-chain obstacles
- Airbus sticks to delivery target of 720 commercial planes
- Ramping up production of A350 despite supply-chain challenges
- Revenue and earnings for Q3 higher than previous year
- Demand for commercial aircraft remains strong
- Supply chain expected to remain challenging
- Production targets for A320, A330, and A350 models
Airbus reported higher revenue and earnings for the third quarter, reaffirming its guidance to deliver 720 commercial planes and increasing production of its A350 wide-body aircraft. Despite ongoing supply-chain challenges, the company remains committed to meeting its annual target. Demand for commercial aircraft remains strong, particularly in the wide-body market. However, the supply chain is expected to remain challenging as production ramps up. Airbus plans to produce 75 A320 narrow-body aircraft per month by 2026, four A330 wide-body aircraft per month by 2024, and increase production of the A350 model to 10 aircraft per month by 2026. The company had previously reduced production due to the impact of the pandemic but is now facing increased demand as airlines seek to expand capacity. In Q3, Airbus posted revenue of €14.90 billion ($15.94 billion), a 12% increase compared to the previous year. Net profit and adjusted earnings before interest and taxes also saw significant growth. For the full year, Airbus expects adjusted earnings of around €6 billion and free cash flow of approximately €3 billion.
Factuality Level: 8
Factuality Justification: The article provides factual information about Airbus’ higher revenue and earnings for the third quarter, their plans to deliver 720 commercial planes, and the production ramp-up of their A350 wide-body aircraft. It also mentions the supply-chain challenges faced by the aviation industry. The financial figures provided are based on company-provided consensus and analyst estimates.
Noise Level: 7
Noise Justification: The article provides information on Airbus’ higher revenue and earnings for the third quarter, as well as its plans to deliver 720 commercial planes. It mentions the supply-chain challenges faced by the aviation industry and the impact on production. The article includes financial figures and analyst expectations. However, it lacks in-depth analysis, scientific rigor, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Airbus
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Airbus’ higher revenue and earnings for the third quarter, as well as their plans for delivering commercial planes and ramping up production. However, there is no mention of any extreme events or their impact.
Public Companies: Airbus (AIR)
Key People: Guillaume Faury (Chief Executive)
Reported publicly:
www.marketwatch.com 
