Tuesday, June 25, 2024 Airbus SE, listed under the stock exchange symbol AIR, has released a market update detailing recent developments in its space activities and commercial aircraft business. These updates have prompted the Company to revise its guidance for 2024. Space Activities Update In the first half of 2024, the Space Systems management team conducted a comprehensive technical review of all its programs, uncovering additional commercial and technical challenges.
As a result, Airbus has decided to record charges of approximately €0.9 billion in its H1 2024 accounts. These charges are primarily related to revised assumptions regarding schedules, workload, sourcing, risks, and costs over the lifetime of specific telecommunications, navigation, and observation programs.
Commercial Aircraft Business In the commercial aircraft sector, Airbus continues to face persistent supply chain issues, particularly in the areas of engines, aerostructures, and cabin equipment. The Company now plans to deliver around 770 commercial aircraft in 2024 and is working towards a production rate of 75 A320 Family aircraft per month, which is now expected to be achieved by 2027. Updated 2024 Guidance Given these developments, Airbus has updated its guidance for 2024.
The revised guidance assumes no further disruptions to the global economy, air traffic, supply chain, the Company’s internal operations, or its ability to deliver products and services. The updated 2024 targets are as follows: .
