![]() Airbus blames less deliveries and worsened hedge rates for the decline in adjusted EBIT.ĭespite an overall decline in EBIT, Airbus continues toward its goals for increasing production rates for a variety of its commercial aircraft. EBIT adjusted for Airbus’ commercial aircraft activities dropped from 1,065 million in Q1 2022 to €580 million in the first quarter of this year. Despite this, lower volume in military air systems resulted in a 6% decline in revenue for Airbus Defense and Space.Īirbus’ EBIT (earnings before interest and tax) decreased to €773 million, a sharp decline from Q1 2022’s €1,263 million. Despite weakened performance in the commercial sector, Airbus Helicopters increased deliveries to 71 units (up from Q1 2022’s 39 units), allowing revenues to rise by 26%. However, the decline was partially offset by the strengthening of the U.S. Revenues from commercial aircraft declined 5% compared to last year, largely due to decreased deliveries. Airbus delivered 127 commercial aircraft to customers during the quarter: 10 A220s, 106 A320 Family aircraft, 6 A330s and 5 A350s. It will include an upgraded cockpit, redundant hydraulic and electrical systems, and a new autopilot.Ĭoinciding with Airbus’ decline in orders in certain industry segments, the manufacturer’s consolidated revenues also dropped to €11.8 billion (down from €12 billion in the same period last year). The companies are working together to develop an IFR (Instrument Flight Rules) capability for the H125, expected to be available in the second half of 2024. Meanwhile, Airbus Helicopters received orders for 39 units, falling well below Q1 2022’s demand for 56 helicopters.Īt the HAI Heli-Expo event in March of this year, Airbus Helicopters made several announcements, including a partnership with Genesys Aerosystems. This leaves Airbus with cumulative orders for 7,254 commercial aircraft. Both figures remain below the company’s Q1 2022 gross orders (253 aircraft), but remain much higher than the 83 aircraft left on the order books following cancellations for that time period. Following cancellations, this figure dropped to 142 orders. Within the first quarter of 2023, Airbus boasted 156 commercial aircraft orders. Either way, the results of both companies highlight extensive and widespread recovery within the aviation industry as a variety of operators order and receive new aircraft. Looking at a variety of metrics, the companies report improvements in some areas while indicating certain standards have fallen behind Q1 2022’s performance. Two of the world’s largest aircraft manufacturers, Airbus and Embraer, have announced their Q1 2023 results. Within the commercial sector, Embraer earned $198.8 million in revenue, seeing an increase of 17.5% compared to the previous year. Despite an overall decline in EBIT, Airbus continues toward its goals for increasing production rates for a variety of its commercial aircraft. ![]()
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