Airbus Earned €65.4bn in 2023, with 735 Commercial Aircraft Deliveries

Stories By Chinedu Eze

The world’s biggest commercial airplane manufac­turer, Airbus, has said that it recorded €65.4 billion in the fiscal year 2023, as contained in its an­nual report.

The financial report also stat­ed that the airline supplied 735 commercial airplanes during the fiscal year under review.

In 2023, Airbus adjusted Earn­ings Before Interest and Taxes (EBIT) was €5.8 billion.

Airbus’s Chief Executive Offi­cer, Guillaume Faury, stat­ed that the airline received solid orders across all of its sectors in 2023 and met its commitments.

Faury described this as a note­worthy success given the airline’s difficult operating environment.

“We will continue to invest in our global industrial system while progressing on our trans­formation and decarbonisation journey. Our dividend propos­als are a reflection of the strong 2023 financials, our growth pros­pects in 2024, and balance sheet strength,” Faury added.

The financial report indicated that gross commercial aircraft or­ders totaled 2,319, up from 1,078 in 2022, with net orders of 2,094 air­craft after cancellations and 820 in 2022.

According to the airline, the order backlog by the end of 2023 totaled 8,598 commercial aircraft, while Airbus Helicopters had 393 net orders and 362 units in 2022. 

These, according to Faury, were evenly distributed among programmes and amounted to a book-to-bill ratio of more than one in both units and value.

Airbus Defence and Space’s order intake by value climbed by 15% to €15.7 billion in the fiscal year 2023, from €13.7 billion in 2022.

Consolidated order intake by value climbed to €186.5 billion in 2023 from €82.5 billion in 2022, with the consolidated order book worth €554 billion by the end of 2023 and €449 billion in 20922.

The increase in consolidated backlog value is primarily due to the company’s overall book-to-bill ratio of well above one, which has been partially offset by the US dol­lar’s weakness.

Consolidated revenues rose 11 per cent year on year to €65.4 billion and €58.8 billion in 2022.

Airbus Helicopters deliveries were also constant at 346 and 344 units in 2022, with revenues climbing 4 per cent, reflecting the overall per­formance across projects and services. In total, eight A400M military airlifters were delivered in 2023, with 10 delivered in 2022, Faury further said.