Industry Airbus reports Nine-Month 2021 financial results

Aircraft manufacturer Airbus has presented its nine-month 2021 financial results.

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European aircraft manufacturer Airbus has officially released the consolidated financial results for the first nine months of 2021 which ended on 30 September 2021. Overall, the company was able to gain € 35.2 billion in revenue (EBIT Adjusted € 3.4 billion).

“The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry. We are focused on securing the A320 Family ramp up and striving to ensure the right industrial and supply chain capabilities are in place,” said Airbus Chief Executive Officer Guillaume Faury.

After cancellations, Airbus was able to confirm net orders for 133 new aircraft, while gross commercial orders totaled 270, around 100 less than last year. At the end of September, the aircraft backlog was 6,894 commercial aircraft.

Airbus Helicopters was able to gain orders for 185 new helicopters, including 10 of the Super Puma Family. The number of helicopters ordered reflect an increase of 42 additional aircraft when compared to last year.

The high revenue represents the higher number of commercial aircraft deliveries compared to 9m into 2020. 424 commercial airliners were delivered, that is 83 more than last year. Airbus delivered 34 A220s, 341 A320 Family, 11 A330s(1), 36 A350s and 2 A380s. Airbus Helicopters delivered 194 units, 25 more than in 2020.

Last year was impacted by the COVID-19 crisis and the 21 percent in revenue increase for Airbus´ commercial sector can be explained with this circumstance. At Airbus Helicopters, revenue were 14 percent up. In the Defence and Space section, Airbus was able to gain a stable year-on-year revenue.

In early 2022, Airbus expects the final assembly lines for the Airbus A220 to have six aircraft produced, currently the manufacturer is building five aircraft a month. By the middle of the decade, Airbus seeks to have this number at 14 aircraft. Regarding the A320 Family, the company is working toward enabling the monthly rate of 65 aircraft by summer 2023.

Regarding the A330 and A350 families, Airbus wrote: “The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022. The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023.“

For the upcoming quarter, the company sees no further disruptions to the world economy and air traffic. This would enable Airbus to perform its internal operations as planned. For 2021, the manufacturer wants to break the barrier of 600 commercial aircraft delivered.

Source © airbus.com

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