Airbus has posted stronger-than-expected second-quarter earnings as it reported its adjusted operating profit rose by 72% to €1.98 billion while it accumulated operating income of €1.77 billion, while revenues increased by 23% to €18.32 billion.
“The half-year financial performance mainly reflects the ramp-up in production of A320 Family aircraft and transition to the more efficient Neo version, as well as further progress on the A350 financial performance,” said Airbus chief executive officer Guillaume Faury. “We continue to see good demand for our competitive product portfolio, including the new A321XLR, as shown by the strong market endorsement at June’s Le Bourget airshow. Our operational focus is mainly on the A320neo Family ramp-up. The second half of the year in terms of deliveries and in particular free cash flow continues to be challenging.”
On the A320 programme, Neo aircraft represented 234 out of the total 294 deliveries. The ramp-up in production of the Airbus Cabin Flex (ACF) version of the A321 remains challenging. Given the recent commercial success of the A321 ACF and XLR, Airbus is studying different options to increase the share of the A321 in current A320 Family production capacity.
In the first half of the year, the company netted 88 commercial aircraft orders, down from the 206 aircraft experienced in the first half of 2018. Airbus has an order book of 7,276 commercial aircraft as of the end of June.
During the period, Airbus delivered a total of 389 commercial aircraft comprising 21 A220s, 294 A320 Family, 17 A330s, 53 A350s and four A380s.