{"id":56825,"date":"2024-02-15T11:51:58","date_gmt":"2024-02-15T06:21:58","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=56825"},"modified":"2024-05-07T11:05:17","modified_gmt":"2024-05-07T05:35:17","slug":"airbus-reports-2023-results-delays-a321xlr-launch","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/02\/15\/airbus-reports-2023-results-delays-a321xlr-launch\/","title":{"rendered":"Airbus Reports 2023 Results, Delays New A321XLR Launch"},"content":{"rendered":"\n

AMSTERDAM-<\/strong> Airbus <\/a>has released its consolidated Full-Year (FY) 2023 financial results and outlined guidance for 2024.<\/p>\n\n\n\n

The gross commercial aircraft orders amounted to 2,319 (compared to 1,078 aircraft in 2022), with net orders totalling 2,094 aircraft after cancellations (compared to 820 aircraft in 2022). The order backlog reached 8,598 commercial aircraft by the end of 2023.<\/p>\n\n\n\n

\"Airbus
Photo: Airbus<\/figcaption><\/figure>\n\n\n\n

Airbus 2023 Full-Year Results<\/h2>\n\n\n\n

Guillaume Faury, Chief Executive Officer of Airbus, stated,<\/p>\n\n\n\n

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“In 2023, we achieved robust order intake across all our businesses and fulfilled our commitments. This accomplishment is significant considering the intricacies of the operating environment. We remain committed to investing in our global industrial system, advancing our transformation, and progressing in our journey towards decarbonization. The proposed dividends reflect the strong financial performance in 2023, our growth prospects in 2024, and the resilience of our balance sheet.”<\/p>\n<\/blockquote>\n\n\n\n

Airbus Helicopters<\/a> secured 393 net orders (compared to 362 units in 2022), demonstrating a well-distributed portfolio across programs and achieving a book-to-bill ratio above 1 in both units and value. <\/p>\n\n\n\n

Airbus Defence and Space observed a 15 per cent increase in order intake by value, reaching \u20ac15.7 billion (compared to \u20ac13.7 billion in 2022), resulting in a book-to-bill ratio of approximately 1.4 by value. Notably, fourth-quarter orders included 16 C295 aircraft for Spain.<\/p>\n\n\n\n

The total order intake by value experienced a significant increase, reaching \u20ac186.5 billion (compared to \u20ac82.5 billion in 2022), contributing to a consolidated order book valued at \u20ac554 billion at the close of 2023 (as opposed to \u20ac449 billion at year-end 2022). <\/p>\n\n\n\n

The growth in the consolidated backlog value primarily results from a Company-wide book-to-bill ratio well above 1, partially offset by the depreciation of the US dollar.<\/p>\n\n\n\n

\"Airbus
Photo: Airbus<\/figcaption><\/figure>\n\n\n\n

2023 Deliveries<\/h3>\n\n\n\n

Consolidated revenues showed an 11 per cent year-on-year increase, reaching \u20ac65.4 billion (compared to \u20ac58.8 billion in 2022). A total of 735 commercial aircraft were delivered, including 68 A220s, 571 A320 Family, 32 A330s, and 64 A350s, reflecting an increase from the 661(1) aircraft delivered in 2022. <\/p>\n\n\n\n

Revenues generated by Airbus\u2019 commercial aircraft activities saw a 15 per cent rise, predominantly due to the higher number of deliveries. <\/p>\n\n\n\n

Airbus Helicopters maintained stable deliveries at 346 units (compared to 344 units in 2022), with a 4 per cent increase in revenues, reflecting overall performance across programs and services. <\/p>\n\n\n\n

Revenues at Airbus Defence and Space increased by 2 percent, primarily driven by Military Air Systems and Connected Intelligence, albeit offset by updated Estimates at the Completion of certain Space programs. A total of 8 A400M military airlifters were delivered in 2023, compared to 10 aircraft in 2022.<\/p>\n\n\n\n

\"Airbus
Photo: Airbus<\/figcaption><\/figure>\n\n\n\n

Airbus A321XLR Update and More<\/h3>\n\n\n\n

Airbus has postponed the entry into service of its A321XLR <\/a>to the second half of this year.<\/p>\n\n\n\n

Initially targeted for service entry in the second quarter of 2024, the airframer now reveals, in its full-year financial results, that the first customer aircraft entered final assembly in December. As a result, the expected entry into service is now set for the third quarter of this year.<\/p>\n\n\n\n

The A220 <\/a>production is progressively ramping up towards a monthly rate of 14 aircraft in 2026, with a strong emphasis on enhancing the program’s industrial maturity and financial performance. <\/p>\n\n\n\n

In the A320 Family program<\/a>, production is on track towards the previously announced rate of 75 aircraft per month in 2026. In 2023, construction began on the second A320 Final Assembly capacities in Tianjin (China) and Mobile (US), while the new A320 Family Final Assembly Line in Toulouse delivered its inaugural aircraft in December.<\/p>\n\n\n\n

Concerning widebody aircraft, the company is progressing towards a monthly rate of 4 aircraft for the A330 in 2024 and a rate of 10 in 2026 for the A350.<\/p>\n\n\n\n

\"Cathay
Photo: Cl\u00e9ment Wld | Flickr<\/figcaption><\/figure>\n\n\n\n

2024 Outlook<\/h2>\n\n\n\n

As the foundation for its 2024 guidance, the Company operates under the assumption of no further disruptions to the global economy, air traffic, the supply chain, the Company\u2019s internal operations, and its capacity to deliver products and services.<\/p>\n\n\n\n

The Company\u2019s 2024 guidance does not include any considerations for mergers and acquisitions.<\/p>\n\n\n\n

Under these conditions, the Company aims to accomplish the following in 2024:<\/p>\n\n\n\n