Airbus has reported a Q1 2024 revenue of €12.8 bn ($13.74) amid “the backdrop of an operating environment that shows no sign of improvement,” highlighted CEO Guillaume Fairy, detailing that the French manufacturer “started 2024 with a solid order intake across [its] businesses” and a higher backlog than last quarter. The company ended the quarter with an overall net income of €595 million ($638 million), free cash flow of -€1.8bn ($1.9bn), and a 29% increase in earnings per share of €0.76 ($0.82). The Airbus business segment contributed to €9.17bn ($9.84) of the company’s total revenue, a rise of 13% year-on-year,

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