Airbus CEO admits 10% drop in delivery forecasts, from 800 to 770 commercial aircraft this year due to supply chain disruptions.
Airbus shares dropped 10% as CEO Guillaume Faury admitted lower delivery forecasts, from 800 to 770 commercial aircraft this year. Supply chain snarl-ups have impacted production, pushing back the target of 75 A320 series from 2026 to 2027. Airbus also took a €900M charge on its space unit, causing a 20% decrease in share price over the last month. The West's inability to resolve these issues may lead to China dominating the skies.
July 01, 2024
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