Wed, May 01, 2024
Targets Will Bump Production Numbers in Nearly Every Market, Capitalizing on Competitor's Misfortune
Airbus capped off its 1st quarter reporting with fairly positive news despite challenges to its logistical operations around the world, seeing EBIT adjusted revenues of € 0.6 billion. Airbus CEO Guillaume Faury was clear that what they managed to do was pretty good, all things considered. He said the stares down an "operating environment that shows no sign of improvement," adding that the "geopolitical and supply chain tensions continue" on all fronts. Even so, he pointed out that Airbus managed to deliver 142 commercial aircraft, with overall revenues of €12.8 billion, (EBIT Adjusted €0.6 billion), and EPS of €0.76 billion. Free cash flow wasn't so great, with about €1.8 billion coming out of Airbus' pockets to keep things chugging along. Faury said that the guidance for this year remains unchanged, though, thanks to "solid order intake across our businesses."
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Tue, Apr 30, 2024
Legislation Includes Priorities To Strengthen Aviation Safety, Boost Aviation Workforce, Modernize Nation’s Airports...
After months of wrangling, an agreement has been reached on a final bill to reauthorize the Federal Aviation Administration (FAA) and the NTSB for five years. The legislation prioritizes investments to strengthen aviation safety standards, enhance consumer protections, advance technology and innovation, and build a modern, well-trained, safety-centric workforce.
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