Airbus records 12% rise in revenue in 9 months

Airbus reported a 12 percent increase in consolidated revenue at €42.6 billion for the first nine months of 2023 (nine months 2022: €38.1 billion) on higher revenue from commercial aircraft business. A total of 488 commercial aircraft were delivered (9m 2022: 437 aircraft) including 41 A220s, 391 A320 family, 20 A330s and 36 A350s, says an official release. “Revenues generated by Airbus’ commercial aircraft activities increased 18 percent (€31.5 billion), mainly reflecting the higher number of deliveries.” Net income dropped nine percent to €2.3 billion from €2.6 billion from the same period in 2022 on a 10 percent increase in R&D expenses to €2.2 billion. Gross commercial aircraft orders totalled 1,280 (9m 2022: 856 aircraft) with net orders of 1,241 aircraft after cancellations (9m 2022: 647 aircraft). The order backlog amounted to 7,992 commercial aircraft at the end of September 2023.