Reported 8 months ago
Airbus revised key industrial and financial goals, taking a 900-million-euro charge for its space activities due to supply issues and commercial risks. This resulted in Airbus shares falling in Paris. The company reduced its delivery forecast for this year to about 770 jets from 800 and delayed its production speed target for the A320neo family. As a result, Airbus lowered its financial targets for 2024, expecting lower operating income and cash flow. The aerospace giant faces challenges in parts shortages and supply chain stability post-pandemic.
Source: YAHOO