Airbus quarterly profit falls on industrial costs and space charge

Quick Summary:

It said adjusted operating profit fell by more than half to €814 million (S$1.2 billion).

Airbus reaffirmed recently softened goals for 2024 including a target of 770 airplane deliveries the year, down from 800.

The world’s largest plane maker said adjusted operating profit fell by more than half to €814 million (S$1.2 billion) in the quarter as revenue edged up to €15.995 billion.

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Category: EconomyBusiness

Markets: SingaporeChinaFranceItalyUnited States

Topics: Analysts Space 2024 Million Deliveries Systems Airbus Business Cost Plan July

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 12:10:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21867093

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