The company reported healthy results for its commercial aircraft business Thursday in its latest annual earnings report, and signaled that there was more to come this year by setting a target of 800 commercial aircraft deliveries, 65 more than in 2023.
"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," CEO
Airbus's fortunes contrast with struggles at
Faury indicated that Airbus wouldn't see any short-term bump from airlines that want to switch suppliers as it already has a hefty order backlog for its A320 narrow-body jets that compete directly with
“What’s happening in the broader industry - you refer to the situation of the competitor - has obviously an impact on all of this,” Faury told reporters at its headquarters in
Openings for new airplane orders won't be available until the next decade, “so that would more impact the long term competitive positioning of the two companies rather than the short term,” Faury said.
Airbus reported that adjusted earnings before interest and tax rose 4% to
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