Airbus to ramp up aircraft production following supply chain issues

Airbus expects to deliver 720 passenger aircraft this year against 661 in 2022 as it grappled with supply chain issues.

The European plane maker achieved a profit of €5.3 billion which is expected to rise to €6 billion in 2023.

Net orders hit 820 commercial aircraft in 2022 against 507 the previous year and it had an order backlog of 7,239 by the end of the year.

The company is progressing towards a monthly production rate of 65 A320 short-haul family aircraft by the end of 2024 and 75 in 2026. The extended range A321XLR (pictured) is due to enter into service in the second quarter of 2024.

The number of wide body A330s is due to rise from three a month at the end of 2022 to a rate of four a month in 2024, while six A350s a month are being built.

Airbus said: “In order to meet growing demand for wide body 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 nine A350s at the end of 2025.”

The company also committed to reducing by 46% the greenhouse gas “emissions intensity” generated by its commercial aircraft in service by 2035.

Airbus revealed that it had received approval from the Science Based Targets initiative (SBTi) for its near-term reduction targets for greenhouse gas emissions.

Issuing full year results, chief executive Guillaume Faury said: “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. 

“As we move forward in 2023 we are focused on our industrial activities and the longer-term transformation of the company. The solid 2022 financial performance and our confidence in the future lead us to propose a higher dividend payment this year.”

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