Toulouse. Airbus announces a net profit of 4.2 billion euros: a record in its history
Through Thibaut Calatayud
Published on
The restart ofAirbus is confirmed confirmed. Thursday, February 17, 2022, the European aircraft manufacturer unveiled “solid” financial results for 2021, a “transition year” for Guillaume Faurythe CEO of the industrial giant.
Record net profit
Proof of this rebound after an air pocket reinforced by the Covid crisis, Airbus recorded the biggest profit in its history. This record net result amounts to 4.2 billion euros. As a reminder, Airbus had announced a net loss of 1.1 billion euros in 2020.
Turnover was up 4%, reaching €52.1 billion compared to 49.9 billion in 2020. According to the aircraft manufacturer, this is mainly reflected in “the increase in deliveries of commercial aircraft, partly offset by less favorable exchange rates”. During the year delivered, the manufacturer delivered 611 commercial aircraft. This is almost twice as much as its American rival Boeing.
“These solid financial results reflected the increase in commercial aircraft deliveries, the good performance of our Helicopters and Defense and Space businesses, as well as the focus on cost reduction and competitiveness,” said Guillaume Faury.
While a major “adjustment plan” unveiled in 2020 provided for the elimination of 15,000 jobs, Airbus and the unions had succeeded in reaching an agreement, in March 2021, to avoid forced layoffs.
What objectives in 2022?
Airbus also unveiled its outlook for 2022. “The company expects no further disruption to the global economy, air traffic, the company’s domestic operations, as well as its ability to deliver products and services. “, announcement the European giant which wants to deliver 720 commercial aircraft This year.
Regarding production, Airbus indicates that it is progressing “in accordance with expectations, in a complex environment”.
“Commercial aircraft production is progressing according to plan, in a complex environment. The A320 Family ramp-up is on track to reach a rate of 65 aircraft per month by summer 2023 and the company continues to mitigate risks by preparing all of its assembly sites to produce A321s, among other things Production rates for the A320 Family beyond 2023 are still under review and the company is working with its suppliers to ensure a possible increase in rate beyond 65″.
Good news that is also found on the employment front. In 2022, Airbus will recruit 6,000 people in the world. According to our information, 1,500 of these recruitments should take place in France.
Airbus commits order and letter of intent to Singapore
Airbus has been present at the Singapore Air Show since February 15. The day after the inauguration of the event, Airbus announced two pieces of good news. The first concerns the finalization of an order for seven A350F cargo planes from Singapore Airlines. These new aircraft will replace the company’s freight fleet, which until now consisted of Boeing 747-400Fs. The first deliveries could take place as early as the fourth quarter of 2025.
On the same day, Etihad Airways signed a letter of intent for seven A350F freighters.
The Singapore Airshow ends this Friday, February 18.
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