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Airbus raises its targets again after a third quarter in the green

2021-10-28T07:37:57.114Z


The aircraft manufacturer is still counting on 600 deliveries in 2021 against 566 last year. At the end of September, its profit stood at 2.6 billion euros.


Airbus has again revised upwards its financial forecasts for 2021. And this, after having published a profit of 404 million euros in the third quarter, reflecting the gradual resumption of its activities.

The European manufacturer had suffered a net loss of 767 million euros a year earlier due in particular to the financing of social measures related to the job cuts decided in the face of the Covid-19 crisis.

But it has delivered 424 planes since the start of the year, up from 341 over the same period last year.

In this context, Airbus still expects 600 deliveries in 2021 against 566 last year.

At the end of September, Airbus profit stood at 2.6 billion euros with sales up 17% to 35.2 billion.

These results "reflect a good performance of the whole company as well as the attention paid to cost reduction and competitiveness", according to the executive chairman of Airbus, Guillaume Faury.

Air traffic resumption in 2023?

The aircraft manufacturer is therefore revising its forecasts for the year upwards again, after having already raised them at the end of July. He now intends to achieve an adjusted operating profit of 4.5 billion euros this year, against 4 billion envisaged until then.

Concretely, Airbus, which has started to ramp up its production, is counting on a strong recovery in demand from airlines who want to renew their fleets once the crisis has passed with less polluting aircraft. The manufacturer, which produced 40 single-aisle A320 family aircraft per month during the crisis, is due to rise in the fourth quarter to 45 monthly aircraft and now expects 65 aircraft per month in the summer of 2023. The European aircraft manufacturer should also increase wholesale- A 350 carriers from 2023 and increase by the end of 2022 its monthly production from two to three its A 330.

In a new study, Eurocontrol estimates that the resumption of air traffic to its 2019 level could take place in 2023 and no longer in 2025. According to the British consultant, the number of seats offered in the world should reach 1.187 billion in the first quarter 2022. This is a strong increase compared to the first quarter of 2021 when only 711 million seats were on sale.

But we are still far from the first quarter of 2019 when the total volume of seats accumulated at 1.354 billion.

Source: leparis

All business articles on 2021-10-28

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