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May 20, 2024

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Pilatus reported strong 2023 financial performance.  Company revenues grew to CHF 1.478 billion, with EBIT of CHF 240 million in a record year for the aircraft company, despite supply chain challenges. On the commercial front, the company delivered 148 aircraft, with 101 PC-12s, up 26% year over year, and 47 PC-24s, up 18%.  The company received orders of CHF 1.513 billion, up 7%, and increased its total backlog to CHF 2.325 billion, up 3%. At year end, the company employed 2,848 full time equivalents, with 87.6% located in Switzerland

The company had a series of key milestones in 2023. On the military front, the Spanish Air Force bought an additional 16 PC-21 aircraft, making it the largest European operator of that training aircraft.

image: Pilatus

The company also celebrated 10 million flying hours for the PC-12, the first PC-24 for Royal Flying Doctor Service, and the first ever PC-12NGX in Japan.

Pilatus reported strong 2023 financial performance.  Company revenues grew to CHF 1.478 billion, with EBIT of CHF 240 million in a record year for the aircraft company, despite supply chain challenges. On the commercial front, the company delivered 148 aircraft, with 101 PC-12s, up 26% year over year, and 47 PC-24s, up 18%.  The company received orders of CHF 1.513 billion, up 7%, and increased its total backlog to CHF 2.325 billion, up 3%. At year end, the company employed 2,848 full time equivalents, with 87.6% located in Switzerland

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Ernest Arvai
President AirInsight Group LLC