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Toulouse, France (AFP) Feb 15, 2024 - European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.
Guillaume Faury, the CEO of Airbus, has delivered a message to the company's staff, labelling recent unexpected losses in its Space business as "not acceptable." This stark assessment comes in response to a 300-million-euro charge in November, related to unidentified satellite programs, including the OneSat family in commercial telecoms.
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting
TOULOUSE: European aviation giant Airbus on Thursday (Feb 15) posted an 11 per cent drop in net profit to 3.8 billion euros (US$4.1 billion) in 2023, with past charges for its space business cutting into earnings. The group, which delivered 735 aircraft last year despite supply chain problems, said it plan
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.