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Published 10 days ago

Rampup costs weigh on Q1 but Airbus hikes A350 output goal

Summary by WTVB

PARIS (Reuters) -Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. The world’s largest planemaker also announced a higher output target for its wide-body A350 model, of 12 a month in 2028, amid a renaissance in demand for long-haul jets. Airbus reported 577 m…

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Rampup costs weigh on Q1 but Airbus hikes A350 output goal

PARIS (Reuters) -Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. The world’s largest planemaker also announced a higher output target for its wide-body A350 model, of 12 a month in 2028, amid a renaissance in demand for long-haul jets. Airbus reported 577 m…

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