Airbus Trims Delivery Target, Delays Medium-Term Production Goal

A reduced annual target for Airbus is being questioned more by analysts and industry insiders as deliveries are ending in September at a slower rate than they did a year ago. Airbus reduced its goal of delivering 800 aircraft by the end of the year to 770, citing shortages of engines and other parts, and issued a profit warning for July. That resulted in a one-year delay to 2027 for an underlying medium-term production goal. People familiar with Airbus claimed that the company’s chief executive, Guillaume Faury, expressed irritation over essentially flat output as a result of delivery delays and the company’s decision to ramp up production of core narrowbody planes.

Airbus Faces Delivery Slowdown in September, Raising Concerns Over 770 Goal

As of September, Airbus has delivered around 30 aircraft, bringing the total to about 477 this year, according to data that consulting firm Cirium Ascend gave to Reuters. If Airbus keeps up this pace, it may end the month with about 36 deliveries, or 483 since the year’s beginning—less than the 488 recorded at the nine-month mark last year. September of last year saw 55 planes delivered by Airbus.

They have been running very close to 2023 cumulative numbers all year, which further supports the potentially evolving hypothesis that they won’t make 770,

Rob Morris, head of global consultancy at Cirium Ascend

Airbus has a history of surprising people in the fourth quarter, but its capacity to catch up has been increasingly hindered by issues with internal manufacturing and supply chains. According to experts and industry insiders, Airbus deliveries are ending September at a slower rate than they did a year ago, which raises concerns about the European planemaker’s capacity to meet its updated yearly target.

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