Airbus produced some disappointing Q1 results, with a net profit that was 62 percent down on 2022 at €466 million. The airframer blames the lower profit on lower aircraft deliveries, a less favorable currency hedge rate compared, and investments for preparing for the...
Despite attempts to ramp up the production, Airbus delivered just 127 aircraft in the first three months of 2023. This compares to 142 in the same period last year and confirms that production issues are still affecting the production flow on the European airframer....
UPDATE – Record-high revenues for the September quarter haven’t translated into a likewise record-high net result for Delta Airlines. The airline reported a $695 million net profit for Q3, almost half that of the same period last year as it saw expenses soar, it...
UPDATE July 1 with Toyota – Embraer is targeting to reduce production lead times of all its products by some forty percent until the end of 2023 to improve efficiency. On the commercial aircraft production lines, lead times have already been reduced from four to...
UPDATE – Embraer narrowed its first-quarter loss compared to last year, reporting a $31.7 million net loss attributable to shareholders. This compares to $-89.7 million for the same period last year. However, the Brazilian airframer slipped back into a loss...
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