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Airbus Reports H1 2024 Net Profit of €825 million or €1.04 per Share

Airbus has reported a first half (H1) 2024 net profit of €1.04 per share on a 4.0 percent year-over-year increase in revenue to €28.8 billion.  The company’s gross cash position at June 30, 2024, was €21.9 billion, with a consolidated net cash position of €7.9 billion. 


Airbus Reports H1 2024 Financial Results - Courtesy Airbus

On Tuesday (July 30, 2024), Airbus SE reported their fist half (H1) 2024 financial results for the period ending June 30, 2024.  The aerospace giant reported a H1 2024 net profit of €825 million or €1.04 per share on a year-over-year increase in revenue of 4.0 percent to €28.8 billion.  During the period, Airbus delivered 323 commercial aircraft, including 28 A220s, 261 A320 Family, 13 A330s, and 21 A350s.  The company also received gross orders for 327 commercial aircraft during H1, with net orders of 310 aircraft.  At June 30, 2024, the company’s order backlog included 8,585 commercial aircraft.


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


“The half-year financial performance mainly reflects significant charges in our space business. We are addressing the root causes of these issues.  In commercial aircraft, we are focused on deliveries and preparing the next steps of the ramp-up, while addressing specific supply chain challenges and protecting the sourcing of key work packages.”


Airbus' First Half (H1) 2024 Financial Results - Source Airbus

Airbus continues to ramp-up A220 production, targeting a rate of 14 per month by 2026.  As reported in June 2024, the A320 Family ramp-up trajectory has been adjusted to reflect supply chain issues, and the company now expects a production rate of 75 per month in 2027.  In early July, the Airbus A321XLR received its Type Certification from EASA.  Airbus continues to target a monthly production rate of four per month for the A330 in 2024, and 12 per month for the A350 in 2028.


 

Source: Airbus



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