Reported 11 months ago
Airbus saw a $12 billion drop in market value after revising down its aircraft delivery goal and financial targets due to supply-chain challenges and impairments related to its space activities. Shares closed 9.4% lower in Paris, reducing the market value to about 106.78 billion euros. The company mentioned persistent supply-chain issues in engines, aerostructures, and cabin equipment, leading to the adjustment of the delivery goal for the year.
Source: YAHOO