Airbus Reports H1 2021 Net Income of €2.2 Billion on 30 Percent Revenue Increase to €24.6 Billion
Airbus has reported a first half (H1) 2021 net income of €2.2 billion or €2.84 per share on a year-over-year revenue increase of 30 percent to €24.6 billion. On June 30, 2021, the company’s liquidity position was €33.7 billion.
On Thursday (July 29, 2021), Airbus reported their second quarter and half-year financial results for the period ending June 30, 2021. The company reported a H1 net income of €2.2 billion of €2.84 per share on a 30 percent year-over-year revenue increase of 30 percent to €24.6 billion. During the first half of the year, Airbus delivered 297 commercial aircraft and the company ended the second quarter with a total of €33.7 billion. Other H1 highlights include a ramp-up and transformation of the value chain for A320 Family aircraft, as well as Board approval for an A350 freighter derivative.
In Thursday’s announcement, Airbus’ Chief Executive Officer, Guillaume Faury, said,
“These half-year results reflect the commercial aircraft deliveries, our focus on cost containment and competitiveness, and the good performance in Helicopters and Defence and Space. Although the COVID-19 pandemic continues, the numerous actions taken by the teams have delivered a strong H1 performance. This enables us to raise our 2021 guidance although we continue to face an unpredictable environment. We are now working to secure the A320 Family ramp up while transforming the industrial set up. Furthermore and following Board approval, we are enhancing our product line with an A350 freighter derivative, responding to customer feedback for increased competition and efficiency in this market segment.”
Gross commercial aircraft orders for H1 totaled 165, with net orders of 38 aircraft after cancellations. The company ended the first half with an order backlog of 6,925 commercial aircraft. On June 30, 2021, Airbus had a gross cash position of €21.4 billion, a net cash position of €6.5 billion and total liquidity of €33.7 billion.
For the second quarter 2021, Airbus reported a net income of €1.9 billion or €2.38 per share on a year-over-year increase in revenue of 70 percent to €14.2 billion.