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The Independent UK
The Independent UK
National
Via AP news wire

Airbus sees profit boost, but defense and space challenges

Copyright 2023 The Associated Press. All rights reserved.

Airbus is urging stepped-up European cooperation to ensure the continent’s security and future access to space after a year that saw the company suffer fallout from Russia’s war in Ukraine and the crash of a European satellite launcher.

The France-based plane maker on Thursday reported a record overall 2022 profit of 4.25 billion euros ($4.55 billion), up from 4.21 billion euros the year before, despite inflation challenges and supply chain disruptions that slowed efforts to ramp up aircraft production.

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