Airbus commercial aircraft deliveries slightly down for nine months of 2019 readjusts full-year target

Darren Wood
By Darren Wood October 30, 2019 12:37

Airbus commercial aircraft deliveries slightly down for nine months of 2019 readjusts full-year target

Airbus has delivered slightly less than expected commercial aircraft during the first nine months of 2019.

The company has therefore revised its full-year delivery target for commercial jets to 860 instead of the 880-890 previously targeted.

This means that the European planemaker would need to deliver 289 planes in the final quarter – a tough, but achievable feat as Airbus’ previous record in a quarter is 297, which it managed in the same period of 2018.

Airbus handed over 571 planes to customers in the first nine months of the year, compared with 301 for Boeing.

For the third quarter of 2019, the company posted operating income of €1.6 billion, with net income rising 3% to €989 million.

Airbus chief executive officer Guillaume Faury said that the updated delivery outlook reflects the “underlying actions to secure a more efficient delivery flow in the next years.”

He added: We are focused on the A320neo ramp-up and improving the industrial flow while managing the higher level of complexity on the A321 ACF in particular.”

Faury also said that the company aims to “progress to rate 63 per month for the A320 Family in 2021.”

Darren Wood
By Darren Wood October 30, 2019 12:37