In contrast to its competitor Boeing, the European aircraft manufacturer was able to announce black numbers for the first quarter of 2021. The group announced on Thursday that it had written a profit of 362 million euros in the first three months.
However, CEO Guillaume Faury warns of euphoria and points out that the entire industry is still in the middle of the crisis. He expects a slight recovery towards the middle of the year at the earliest. Nevertheless, the number of aircraft delivered is expected to increase significantly in direct comparison with the previous year.
Sales in the first quarter of 2021 were around 10,5 billion euros, two projects below the same period of the previous year. Last year, the months of January and February as well as parts of March were largely unaffected by the crisis. Nevertheless, Airbus has succeeded in achieving a higher profit on the bottom line. This is attributed, among other things, to the increased demand in the military sector.
In the first three months of the current year, the European manufacturer was able to deliver a total of 125 civil aircraft. In contrast, there are 39 new orders and 100 cancellations. Later dates for the delivery of orders were agreed with many customers. The A320neo series production rate is expected to increase to 2021 units per month in the course of 45. The last ceo models recently went into final assembly.