Airbus says it will miss target for deliveries

Based on its November deliveries of 68 commercial aircraft and the complex operating environment, Airbus SE announced it considers its target to achieve “around 700” commercial aircraft deliveries in 2022 to now be out of reach. The final figure is not expected to fall materially short of the “around 700” delivery target. Airbus remains committed to delivering its financial guidance as provided at the Nine-Month 2022 results, meaning guidance for EBIT Adjusted and Free Cash Flow before M&A and Customer Financing remains unchanged. Taking into account the fact that this complex environment will persist longer than previously expected, Airbus will be adjusting the speed of the A320 Family ramp-up to rate 65 for 2023 and 2024. Airbus maintains the objective of reaching rate 75 by the middle of the decade. The full year 2022 Airbus commercial aircraft orders and deliveries will be disclosed – after audit – on 10 January 2023. Full-year results will be disclosed on 16 February 2023. In November 2022 Airbus also registered 29 new orders and 14 cancellations bringing the backlog to 7,344 aircraft. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]