Airbus has reported a third quarter net income of €667 million or €0.85 per share on a year-over-year increase in revenue of 27 percent to €13.3 billion. For 9M 2022, the company reported a net income of €2.6 billion or €3.26 per share.
On Friday (October 28, 2022), Airbus reported their third quarter and nine month (9M) financial results for the period ending September 30, 2022. For the third quarter, the company reported a net profit of €667 million or €0.85 per diluted share on a 27 percent year-over-year increase in revenue to €13.3 billion. For the first nine months of 2022, Airbus reported a net profit of €2.6 billion or €3.26 per share on a year-over-year increase in revenue of 8.0 percent to €38.1 billion.
In Thursday’s announcement, Airbus’ Chief Commercial Officer, Guillaume Faury, said,
“Airbus delivered a solid nine-month 2022 financial performance in a complex operating environment. The supply chain remains fragile resulting from the cumulative impact of COVID, the war in Ukraine, energy supply issues and constrained labour markets. Our strong focus on cash flow and the favourable dollar/euro environment have enabled us to raise our free cash flow guidance for 2022. The commercial aircraft delivery and earnings targets are maintained. Our teams are focused on our key priorities and in particular, delivering the commercial aircraft ramp-up over the coming months and years.”
Airbus’ gross commercial aircraft orders for the first nine months of 2022 increased to 856 compared to 270 during 9M 2022, while net orders after cancellations totaled 647 aircraft, versus 133 during the same period last year. At September 30, 2022, the company had a total backlog of 7,294 commercial aircraft. Airbus also delivered 437 aircraft during the first nine months of the year including 34 A220s, 340 A320 Family, 21 A330s and 42 A350s.
The Airbus A320 Family program production is ramping up to a monthly rate of 65 aircraft in early 2024 and 75 in 2025. All sites are preparing the groundwork to secure the production rate of 75 aircraft monthly, and to adapt to a higher proportion of A321s, ensuring all A321 Final Assembly Lines (FALs) are A321 capable. Currently, preparation for s second A320 FAL in Toulouse is underway. Additionally, all three test A321XLRs have now flown, and entry into service is expected during the second quarter of 2024. The company is also exploring, along with their supply chain partners, the feasibility of increasing widebody production rates.
Source: Airbus