Airbus sees profit boost, but defense and space challenges
Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space
PARIS (AP) — Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space after a year that saw the company suffer fallout from Russia’s war in Ukraine and the crash of a European satellite launcher.
The France-based plane maker on Thursday reported a record overall 2022 profit of 4.25 billion euros ($4.55 billion), up from 4.21 billion euros the year before, despite inflation challenges and supply chain disruptions that slowed efforts to ramp up aircraft production.
CEO Guillaume Faury said the company aims to deliver 720 planes this year, up from 661 last year, in an effort to keep up with growing demand by airlines as travel picks up worldwide following COVID-19 disruptions.
On Tuesday, Air India unveiled an massive order that included 250 Airbus passenger jets. Airbus didn't disclose financial terms of the deal, which could be worth tens of billions of dollars.
