Airbus has reported a significant increase in its net income for the first quarter, rising to 595 million euros, which translates to 0.76 euro per share. This is a notable increase from last year, which saw a net income of 466 million euros or 0.59 euro per share.
However, the company's consolidated EBIT adjusted saw a decrease, sliding to 577 million euros from 773 million euros in the preceding year. Despite this, consolidated revenues for the first quarter saw a 9% increase, rising to 12.83 billion euros from last year's 11.76 billion euros.
The aircraft manufacturer's productivity also improved, with a delivery of 142 commercial aircraft, a significant increase from the 127 aircraft delivered in the previous year. The delivered aircraft included 12 A220s, 116 A320 Family, 7 A330s, and 7 A350s.
Reflecting on the company's performance, Airbus CEO Guillaume Faury said, "We have reported the first quarter results of 2024 against a difficult operating backdrop that hasn't shown much signs of improvement. Despite geopolitical and supply chain tensions, we managed to deliver 142 commercial aircraft." He added, "We commenced 2024 with a solid order intake across our business sectors, which, combined with the strong momentum on widebody aircraft, informed our decision to increase the production rate for the A350 to 12 aircraft a month by 2028. Our ramp-up plans are also steadily progressing, buoyed by our investments in our production system and steadfast commitment to our core pillars—safety, quality, integrity, compliance, and security."
