Airbus aims to increase its commercial aircraft deliveries from 735 last year to 800 in 2024. This bold forecast comes as the company reports significant growth in its commercial aircraft division’s earnings, despite challenging economic conditions.
The European aerospace giant is on track to achieve €7 billion in adjusted earnings next year, barring unexpected global economic disruptions. This projection is underpinned by a robust order backlog and increased production rates across various aircraft models.
In 2023, Airbus reported a notable rise in its commercial aircraft division’s earnings, reaching €4.8 billion compared to the previous year’s €4.6 billion. This increase was largely driven by higher delivery volumes, with net orders after cancellations soaring to 2,094 from 820 in the prior year.
The company delivered 735 aircraft in 2023, including 68 A220s, 571 A320 family models, 32 A330s, and 64 A350s. This diversity in aircraft types illustrates Airbus’s comprehensive market reach.
Progress in increasing production rates is evident, with the short-haul A220’s production being ramped up to a monthly rate of 14 by 2026. Additionally, a previously announced target of 75 A320 family aircraft per month by 2026 is on track.
The new models and production targets aligned with customer needs, place Airbus well for future orders and market expansion.
Airbus’s strategic focus on sustainability and transformation highlights its commitment to long-term growth and market leadership.
The anticipated earnings of €7 billion in 2024 underscore Airbus’s financial strategy and operational resilience in a competitive aerospace market.
Airbus’s strategic direction for 2024 reflects a well-calculated plan to enhance delivery capabilities and market competitiveness, backed by a substantial order backlog and innovative production strategies.
Airbus is poised to achieve its 2024 delivery goals, reinforcing its leadership in the aviation industry amidst ongoing economic uncertainties.
With a solid financial outlook and strategic investments in expanded production, Airbus is well-positioned to meet global demand and continue its trajectory of growth.
