- Joe Breitfeller
Airbus Reports First Quarter Net Income of €1.22 Billion on 15 Percent Revenue Increase to €12.0 B
Airbus has reported a first quarter 2022 net income of €1.22 billion or €1.55 per share on a 15 percent year-over-year increase in revenue to €12.0 billion. At March 31, 2022, the company’s liquidity totaled €28.8 Billion.
On Wednesday (May 4, 2022), Airbus reported their first quarter financial results for the period ending March 31, 2022. The company reported a first quarter net profit of €1.22 billion or €1.55 per share on a year-over-year increase in revenue of 15 percent to €12.0 billion. At the end of the quarter, Airbus had a gross cash position of €22.8 billion, a net cash position of €7.7 billion and total liquidity of €28.8 billion. During the quarter, the company’s commercial aircraft orders increased to 253, with net orders of 83 after cancellations. Airbus ended Q1 2022 with a total commercial backlog of 7,023 aircraft. The airframer delivered 142 commercial aircraft during the first quarter of 2022 including 11 A220s, 109 A320 Family, six A330s and 16 A350s.
In today’s announcment, Airbus’ Chief Executive Officer, Guillaume Faury, said,
“These Q1 results reflect a solid performance across our commercial aircraft, helicopter and defence businesses. Our 2022 guidance is unchanged, even though the risk profile for the rest of the year has become more challenging due to the complex geopolitical and economic environment. Looking beyond 2022, we see continuing strong growth in commercial aircraft demand driven by the A320 Family. As a result we are now working with our industry partners to increase A320 Family production rates further to 75 aircraft a month in 2025. This ramp-up will benefit the aerospace industry’s global value chain.”
Airbus’ commercial A320 Family production will ramp up to a monthly rate of 65 aircraft by summer 2023, and the company is working with partners and suppliers to increase production to 75 in 2025. Additionally, as production increases, Airbus is investing in their existing industrial sites to ensure all aircraft assembly sites are A321-capable. By the end of the second quarter 2022, the company expects to conduct the first A321XLR flight, with entry-into-service expected in 2024.