Airbus revenue down 10% to €12.8B in Q2

Wednesday, 27. July 2022 17:55

Airbus SE announced on Wednesday its revenue in the second quarter of 2022 came in at €12.8 billion, falling 10% from the same period a year earlier. Net income plunged 64% year on year to €682 million, or €0.87 per share and reported EBIT slid 49% to €1.2 billion. Meanwhile, adjusted EBIT was down 31% on an annual basis, landing at €1.4 billion.

In the first half of the year, the aerospace giant's revenue rose 1% to €24.8 billion and net income plummeted 15% to €1.9 billion, or 2.42 per share.

"Airbus delivered a solid H1 2022 financial performance in a complex operating environment, with the geopolitical and economic situation creating further uncertainties for the industry. The supply chain challenges are leading us to adjust the A320 Family ramp-up steps in 2022 and 2023, and we now target a monthly rate of 65 in early 2024," CEO Guillaume Faury stated.

Related Links: Airbus SE
Author:
Baha Breaking News (BBN) / NP