SpaceWar.com - Your World At War
Airbus posts 11 percent drop in net profit for 2023
Toulouse, France, Feb 15 (AFP) Feb 15, 2024
European aircraft manufacturer Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges related to its space business cutting into earnings.

The group, which delivered 735 aircraft last year despite problems in its supply chain, said it plans to deliver "around 800" in 2024.

And despite the space problems, the profit figure was the third biggest announced by Airbus after its 4.2 billion-euro bumper year in 2022.

"In 2023 we recorded strong order intake across all our businesses and we delivered on our commitments. This was a significant achievement given the complexity of the operating environment," said Airbus chief executive Guillaume Faury.

The group said it had received orders for 2,094 aircraft in 2023, beating a previous record dating back to 2013. Its A320 and long-haul A350 jets led the order list.

Group revenues increased by 11 percent to 65.4 billion euros, with commercial aircraft revenues increasing 15 percent.

Airbus Helicopters' deliveries were stable at 346 units, against 344 in 2022, with revenues rising four percent. Revenues at Airbus Defence and Space increased two percent,

But profits at the space division fell 40 percent to 229 million euros because of a one-off 600 million charge.

Facing stiff competition from US-rival SpaceX, Airbus has been hit by development delays and high costs for its geostationary satellites, according to a source following developments.

Space division head Jean-Marc Nasr is to be replaced from March 1.

mra/tw/aha


Airbus Group


ADVERTISEMENT




Space News from SpaceDaily.com
Maven stays silent after routine pass behind Mars
ICE-CSIC leads a pioneering study on the feasibility of asteroid mining
NASA JPL Unveils Rover Operations Center for Moon, Mars Missions

24/7 Energy News Coverage
Thorium plated steel points to smaller nuclear clocks
Solar ghost particles seen flipping carbon atoms in underground detector
Overview Energy debuts airborne power beaming milestone for space based solar power

Military Space News, Nuclear Weapons, Missile Defense
Autonomous DARPA project to expand satellite surveillance network by BAE Systems
IAEA calls for repair work on Chernobyl sarcophagus
Momentus joins US Space Force SHIELD contract vehicle

24/7 News Coverage
UAlbany Atmospheric Scientist Proposes Innovative Method to Reduce Aviation's Climate Impact
Digital twin successfully launched and deployed into space
Robots that spare warehouse workers the heavy lifting



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.