PARIS, Oct 30 (Reuters) - Airbus maintained
financial and industrial targets as it posted
higher-than-expected third-quarter core profit and revenues on
Wednesday, led by demand for profitable models and a favourable
annual comparison for its troubled space business.
The world's largest planemaker said its widely-watched
adjusted operating profit rose 39% to 1.407 billion euros
($1.53 billion) in the quarter as revenues rose 5% to 15.689
billion.
Analysts were on average expecting third-quarter operating
profit of 1.2 billion euros on revenues of 15.302 billion,
according to a company-compiled consensus.
Airbus earlier announced it had delivered the first
long-range single-aisle A321XLR jet to Spain's Iberia
and secured an order for 60 jets from Saudi startup Riyadh Air.
CEO Guillaume Faury said Airbus continued to face complex
supply chain and geopolitical challenges but held fast to its
commercial delivery target of about 770 jets in 2024, despite
previously reported deliveries that missed market expectations
in the first nine months of the year.
"We remain focused on our priorities, including ramping
up commercial aircraft deliveries and transforming our Defence
and Space division," he said in a statement.
Airbus took no new charges for its satellites business
after 1.5 billion euros of charges in recent quarters but it has
indicated that more could follow as it digs further into losses
in satellites, particularly for its troubled OneSat project.
Airbus reaffirmed production goals but said it was
"actively managing" a specific supply chain problem that could
impact the ramp-up trajectory for the A350 in 2025, without
elaborating.
Reuters reported earlier this month that Airbus was
facing concerns over supplies of parts from Spirit AeroSystems ( SPR )
, raising the prospect of delays in deliveries of some
jets including the long-haul A350 next year.
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