Airbus’ net income up by 12% y-o-y in FY 2024

Airbus saw a 66% y-o-y increase in net income to EUR 2.4 bn in 4Q 2024, according to an earnings release (pdf) published last week. The European manufacturer’s revenues saw an uptick of 8% y-o-y to EUR 24.7 bn during the same period, driven by a boost in commercial aircraft and helicopter deliveries.

Year in review: The firm’s net income increased 12% y-o-y to EUR 4.2 bn in FY 2024, while its revenues inched up 6% y-o-y to EUR 69.2 bn during the same period. Airbus’ total aircraft deliveries were up 4.2%, based on our calculations, to 766. The firm saw a 52% y-o-y dip in order intakes’ value to EUR 77.4 during the period.

Targets for 2025 and beyond: Airbus set a target of 820 commercial aircraft deliveries for the year. For the A350 aircraft, the company has set a target rate of 12 aircraft in 2028 and will adjust the entry-into-service of the A350 freighter variant — originally planned for 2026 — to be now expected in 2H 2027. For the A220, Airbus is setting a monthly production target of 14 aircraft in 2026, while the A320 Family program has a target of 75 aircraft per month in 2027.

REMEMBER- Airbus saw an 11% y-o-y fall in net income to EUR 3.8 bn in 2023, while its topline saw an uptick of 11% y-o-y to EUR 65.4 bn on the back of boosted commercial aircraft deliveries. The number of aircraft delivered increased 11.2% during the period to 735.

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