Airbus Q1 Reports 2024
Airbus SE reported consolidated financial results for its First Quarter (Q1) ended 31 March 2024.
“We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement. Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial aircraft,” said Airbus CEO Guillaume Faury. “We started 2024 with a solid order intake across our businesses. The strong momentum on widebody aircraft underpins our decision to increase the production rate for the A350 to 12 aircraft a month in 2028. Our ramp up plans are continuing, supported by the investments in our production system while relying on our core pillars of safety, quality, integrity, compliance and security.”
Gross commercial aircraft orders totalled 170 (Q1 2023: 156 aircraft) with the same number of net orders due to no cancellations (Q1 2023 net orders: 142 aircraft). The order backlog amounted to 8,626 commercial aircraft at the end of March 2024. Airbus Helicopters registered 63 net orders (Q1 2023: 39 units), mainly in the light and medium segments. Airbus Defence and Space’s order intake by value was € 2.0 billion (Q1 2023: € 2.5 billion).
Highlights
- 142 commercial aircraft delivered
- Revenues € 12.8 billion; EBIT Adjusted € 0.6 billion
- EBIT (reported) € 0.6 billion; EPS (reported) € 0.76
- Free cash flow before customer financing € -1.8 billion
- 2024 guidance unchanged
