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International Business Times
International Business Times
Business

Airbus Profit Climbs In 2024, Aims To Accelerate Output

The entry into service in 2024 of the A321 XLR gave Airbus a step up over Boeing which does not have a long-range single-aisle aircraft (Credit: AFP)

European aircraft maker Airbus said Thursday net profits rose in 2024 as it boosted plane deliveries and set a goal of accelerating them further.

Net profit rose 12 percent to 4.2 billion euros ($4.4 billion), overcoming a massive writedown in the value of its space business earlier in the year.

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