Airbus cuts delivery target and delays jet production goal-February 2024-www.financetom.com

Airbus cuts delivery target and delays jet production goal

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Airbus cuts delivery target and delays jet production goal

Jun 24, 2024 11:33 AM

PARIS, June 24 (Reuters) - Airbus on Monday

lowered its 2024 total delivery target to around 770 airplanes

from around 800 and pushed back a targeted deadline for reaching

production of 75 narrow-body airplanes per month to 2027 from

2026.

Europe's largest aerospace group also said it was taking

charges of around 900 million euros on certain

telecommunications, navigation and observation space programmes.

"We are ramping up but more slowly than expected,"

Airbus CEO Guillaume Faury told reporters.

The downward revision in industrial forecasts comes

weeks after Reuters reported that Airbus was facing a new set of

output delays as it grappled with increased parts shortages.

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