Airbus plans production increases in a move that will boost the Broughton wing plant in North Wales.
The aerospace giant today reported consolidated revenues increased 17 percent to € 35.2 billion in the first nine months of the year(2020: € 30.2 billion), with 424 commercial aircraft delivered (9m 2020: 341 aircraft).
The EBIT Adjusted related to Airbus’ commercial aircraft activities totalled € 2,7 billion (9m 2020: € -641 million), mainly driven by the operational performance linked to deliveries and efforts on cost containment and competitiveness.
Production increases:
On the A320 Family programme, the Company is working to secure the ramp up and is on trajectory to achieve a monthly rate of 65 aircraft by summer 2023. It is currently 45.
The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022.
The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023.
The A220 production rate, which is currently at 5 aircraft a month, is expected to increase to around rate 6 per month in early 2022, with a monthly production rate of 14 envisaged by the middle of the decade
The wings for the A320, A330, and A350 planes are made at Broughton.
What Airbus said:
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Airbus Chief Executive Officer Guillaume Faury said: .“The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry.
"We are focused on securing the A320 Family ramp up and striving to ensure the right industrial and supply chain capabilities are in place,
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“Based on our nine-month performance, we have updated our 2021 earnings and cash guidance. We are strengthening the balance sheet to secure investment for our long-term ambitions.”
The Company has updated its 2021 guidance and now targets to achieve in 2021 around:
- 600 commercial aircraft deliveries;
- EBIT Adjusted of € 4.5 billion;