Airbus raises A350 manufacturing goal as third-quarter earnings rise 21% to $1.08 billion

Airbus raised its wide-body A350 manufacturing goal and reiterated its 2023 monetary and supply targets, because it reported increased third-quarter underlying revenue on Wednesday, with increased plane earnings sharply affected by satellite tv for pc charges.

The world’s largest plane maker stated it goals to return to pre-Covid-19 ranges of 10 A350s monthly in 2026, up from the earlier goal of 9 plane monthly by the top of 2025. Different trade targets, together with: That delivers 720 plane in 2023.

Adjusted working revenue was 1.013 billion euros ($1.08 billion) within the quarter, up 21%, with revenues up 12% to 14,897 billion. Analysts anticipated earnings of 1.142 billion euros on income of 15.098 billion, in keeping with a consensus compiled by the corporate.

Airbus stated it was seeing robust demand for business plane, together with a continued restoration in massive plane such because the A350, but it surely anticipated the provision chain to stay “difficult”.

Airbus stated manufacturing on the corporate’s principal profit-generating programme, the Airbus A320 household, is “progressing effectively” in direction of the beforehand introduced goal of 75 plane monthly in 2026. Business sources say present manufacturing stands within the low 50s.

It reiterated plans to restructure the Protection and Area division, asserting new charges price 300 million euros on “sure satellite tv for pc improvement applications,” with out going into particulars. This adopted 100 million earlier within the yr.

Airbus stated dangers stay over the prices, reliability and manufacturing volumes of the A400M army transport plane, with some international locations reportedly holding again on the amount of their authentic orders.