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Airbus reaffirms delivery target; reports US$2.6 billion nine month profit
October 31st 2022
Airbus said net profit was down 3%, to 2.56 billion euro (US$2.6 billion), in the nine months to September 30 from a net profit of 2.64 billion euro in the same period in 2021. Read More » Revenue improved 8%, to 38.1 billion euro, Airbus said in a regulatory filing. The aerospace conglomerate reaffirmed its commercial aircraft delivery target of 700 aircraft for calendar 2022 and increased its outlook for free cash flow. Airbus CEO, Guillaume Faury, said it was a solid result in a complex operating environment. “The supply chain remains fragile from the cumulative impact of COVID, the war in Ukraine, energy supply issues and constrained labour markets,” he said. "Our strong focus on cash flow and the favourable dollar/euro environment has enabled us to raise our free cash flow guidance for 2022. The commercial aircraft delivery and earnings targets are maintained.”
