Airbus has downgraded its production and financial goals for 2024. This comes amid ongoing supply chain disruptions and concerns about the feasibility of previous targets.
The company is reducing its expected jet deliveries this year to around 770, down from the previously announced 800. Additionally, Airbus is delaying its plans to ramp up production of its popular A320neo family aircraft. It has pushed back its goal of reaching a rate of 75 jets per month from 2026 to 2027.
These adjustments follow growing skepticism from suppliers, particularly engine manufacturers, regarding Airbus’s initial ambitious production plans. Airbus CEO Guillaume Faury placed some of the blame for the slowdown on engine makers, claiming that supplies for the A320neo have “significantly deteriorated” in recent months. He suggested that engine makers could face penalties for any delays caused by their shortcomings.
Airbus has been impacted more severely by supply chain issues compared to its main competitor, Boeing, which is currently grappling with its own separate manufacturing problems. Engine maker CFM International, a joint venture between GE Aerospace and Safran, acknowledged the difficulties and stated they are working to expedite engine deliveries to meet Airbus’s demand.
Douglas Royce covers the aviation gas turbine and military markets at Forecast International, a market research firm that forecasts annual production across a wide range of aerospace and defense systems.
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