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Supply Chain Problems Persist, But Airbus Had a Solid 2022

Our Bureau - : Feb 19, 2023 - : 1:38 am

Despite a host of disruptive events during 2022, Airbus was able to post net profits of €4.3bn on revenue of €58.8bn.

Gross commercial aircraft orders increased to 1,078, compared to 771 aircraft in 2021, with net orders of 820 aircraft after cancellations – 507 aircraft in 2021. The order backlog amounted to 7,239 commercial aircraft at the end of 2022.

Airbus Helicopters registered 362 net orders,compared to 414 units the previous year. Helicopter orders were well spread across programmes and included 12 H160s. Airbus Defence and Space’s order intake by value was € 13.7 billion, the same as the previous year. Key orders included Demonstrator Phase 1B of the Future Combat Air System, the Eurodrone unmanned aerial system and 20 latest-generation Eurofighters for the Spanish Air Force.

Consolidated revenues increased 13 percent to € 58.8 billion, compared to € 52.1 billion in 2021. A total of 661 commercial aircraft were delivered, an increase of 50 over 2021. The deliveries included 53 A220s, 516 A320 Family, 32 A330s and 60 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 15 percent year-on-year. The company plans to achieve 720 commercial aircraft deliveries in 2023.

Airbus Helicopters delivered 344 units, an increase of 6 compared to the previous year, with 4evenues rising by 8 percent. Revenues at Airbus Defence and Space increased 11 percent, mainly driven by higher volume in Military Aircraft and Eurodrone. A total of 10 A400M airlifters were delivered in 2022, compared to 8 in 2021.

On the A320 Family programme, the company is now progressing towards a monthly production rate of 65 aircraft by the end of 2024 and 75 in 2026. Entry-into-service for the A321XLR is expected to take place in Q2 2024.

The A330 monthly production rate increased to around 3 at the end of 2022 as planned and the company is on track to reach rate of 4 in 2024. The A350 monthly rate is now around 6 aircraft. In order to meet growing demand for widebody aircraft as international air travel recovers, and following a feasibility study with the supply chain, the company is now targeting a monthly production rate of 9 A350s at the end of 2025.

“The industry continued its recovery during 2022, with air traffic increasing and airlines turning to their long-term fleet planning. We delivered solid financials despite an adverse operating environment that prevented our supply chain from recovering at the pace we expected. The company had to adjust its operations accordingly, which led to lower commercial aircraft deliveries than originally planned. We are adapting our production to match supply,” said Guillaume Faury, Airbus Chief Executive Officer.


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