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Airbus earns 595 million in the first quarter, up 28%

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Airbus posted a net profit of €595 million in the first quarter of 2024, up 28%, thanks in large part to higher aircraft deliveries.

The European aerospace giant pointed out that this strong increase was due to the fact that turnover grew much less, by 9% to 12.83 billion, while earnings per share rose by 29% to 0.76 euros.

These results come despite the fact that the international scenario “shows no signs of improvement” due to “continuing geopolitical and supply chain tensions,” said CEO Guillaume Faury in a statement.

Airbus delivered 142 aircraft in this period (127 a year ago), during which it received orders for a further 170 units (156 in the first quarter of 2023).

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“Revenues generated by commercial aircraft activities increased by 13%, mainly due to higher deliveries,” the manufacturer’s statement said.

The order backlog at the end of March was already 8,626 commercial aircraft, 19% higher than a year ago.

In addition, the manufacturer continues operations to increase the production rate of almost all its aircraft families.

A sign of Airbus’ confidence in the recovery of the widebody market, the group announced Thursday its ambition to produce 12 A350 aircraft per month by 2028.

In helicopters, 63 units were delivered, a 62% increase, and the order backlog is 817 aircraft, a 13% increase.

With information from EFE

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