
Airbus A350 - Photo: Airbus
In its annual report for the year ending 16 February 2023, aerospace giant Airbus recorded a 13% growth in sales to € 58.8 billion on an EBIT of €5.32 billion. The nett adjustment of €300M brings this number down from €5.34 billion, which was reported in 2021.
In addition, Airbus reported an adjusted EBIT of €5.6 billion, up 16% year-over-year, by eliminating some costs to represent the underlying core business more accurately.
The company’s consolidated nett income was €4.24 billion, up from €4,21B in 2021 (a 0.5% rise).
After subtracting for cancellations, the number of orders for commercial aircraft rose to 820 from 507 in the previous year. In 2022, Airbus delivered 661 commercial planes, the majority of which were A320s (516). Furthermore, 32 A330s and 60 A350s were delivered by Airbus.
By the end of 2022, the cumulative number of commercial aircraft under order was 7,239.
The commercial aircraft segment is growing revenues by 15%, while Helicopters and Defense and Space grew by 11% and 8%, respectively.
The European manufacturer plans to increase production of its most popular A320 family to 65 aircraft per month by the end of 2024 and 75 aircraft per month by the end of 2026.
Airbus also produces three A330s and six A350s per month, with plans to boost the latter’s monthly pace to nine by the end of 2025 to accommodate the rising demand for long-distance travel.
The manufacturer also said that the A321XLR, the aircraft’s longest-range variant, would enter service by the middle of 2024.
In addition to these 10 A400M military transport aircraft, the business supplied 344 helicopters that year.
Deliveries of 720 commercial aircraft and an adjusted EBIT of €6 billion are among the 2023 objectives for Airbus.
Airbus plans to cut its Scope 1 and Scope 2 industrial emissions by up to 63% by 2030. The company has had its near-term objectives for reducing glasshouse gas emissions certified under the Science Based Targets initiative (SBTi).