Airbus recorded a revenues boost and a dip in net income in 2023

European aircraft maker Airbus saw an 11% y-o-y fall in net income to EUR 3.8 bn in 2023, according to an earnings release published last week. The company’s topline saw an uptick of 11% y-o-y to EUR 65.4 bn on the back of boosted commercial aircraft deliveries, with aircraft delivered up 11.2% during the period to 735. The year also saw the aircraft maker’s new orders more than double, with order intake surging 126% during the period to EUR 186.5 bn, bringing the aircraft maker’s order book at the end of 2023 to EUR 554 bn, up 23% y-o-y. In terms of numbers of new aircraft ordered, the firm saw net orders for some 2094 commercial aircraft in 2023. The aircraft maker sees itself delivering some 800 aircraft in 2024, it said.

Airbus is leaving Boeing in the dust: Airbus’ US rival Boeing held off on 2024 guidance earlier this month, as it contends with a reputation crisis on the back of quality shortfalls. 2023 saw Airbus pull far ahead of Boeing, which only delivered some 480 aircraft for the year. Airbus’ delivery performance solidifies its title as the world’s largest plane manufacturer for the fifth straight year, and casts doubt on whether the commercial aircraft market is still characterized by the long-running Boeing-Airbus duopoly.