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International Business Times
International Business Times
Business
AFP News

Airbus Posts 11 Percent Profit Drop For 2023

Airbus United States Christian Scherer Guillaume Faury Boeing
Airbus CEO Guillaume Faury said the group had a "remarkable" 2023 with a takoff in sales and orders (Credit: AFP)

European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.

The group, which delivered 735 aircraft last year despite supply chain problems, said it plans to deliver about 800 in 2024. It reached the mark in 2018 before the pandemic battered the aviation industry.

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