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  • Joe Breitfeller

Airbus Reports H1 2023 Net Profit of €1.53 Billion or €1.94 Per Share

Airbus has reported a first half 2023 net income of €1.53 billion or €1.94 per share on a year-over-year increase in revenue of 11 percent to €27.7 billion. At June 30, 2023, the company had a consolidated net cash position of €9.1 billion.

Airbus Reports H1 2023 Financial Results - Courtesy Airbus

On Wednesday (July 26, 2023), Airbus SE reported their first half (H1) financial results for the period ending June 30, 2023. The company reported a net profit of €1.53 billion or €1.94 per share on an 11 percent year-over-year increase in revenue to €27.7 billion. Airbus’ consolidated free cash flow for H1 2023 totaled €1.47 billion. At June 30, 2023, the company’s gross cash position stood at €22.9 billion, with a consolidated net cash position of €9.1 billion. During the first half of the year, Airbus delivered a total of 316 commercial aircraft, including 25 A220s, 256 A320 Family, 14 A330s and 21 A350s.

In Wednesday’s announcement, Airbus’ Chief Executive Officer, Guillaume Faury, said,

“During the first half of 2023 we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand is driven both by growth and fleet replacement as airlines invest in more fuel efficient fleets. Based on this H1 performance, we maintain our 2023 guidance.”

Airbus' First Half (H1) 2023 Financial Results - Courtesy Airbus

For the first six months of 2023, Airbus booked gross commercial aircraft orders of 1,080, with net orders of 1,044 after cancellations. At June 30, 2023, the company’s commercial aircraft order backlog reached a record 7,967 jets.

Airbus continues to ramp up to A220 program towards a monthly production goal of 14 aircraft by the middle of the decade. The A320 Family program continues to progress towards the production goal of 75 aircraft monthly by 2026. With the recent inauguration of a new A321 capable final assembly line (FAL) in Toulouse, Airbus continues to develop their global industrial system. Flight testing on the A321XLR program continues to progress, with entry-into-service expected in the second quarter of 2024. In terms of widebody aircraft, Airbus continues to target a rate of four A330s per month in 2024 and nine A350s per month by the end of 2025.

Source: Airbus

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