Airbus lowers outlook as supply chain snags continue to bite
The Straits Times|June 26, 2024
Airbus cut its earnings and aircraft delivery goals for the year as persistent supply chain issues continue to deprive the European plane maker of vital components, dealing a setback to the company at a time when demand for its jets is at a record.

The company now expects to hand over 770 aircraft in 2024, down from a previous goal of 800, it said in a surprise announcement after European markets closed on June 24. Speaking on a call with reporters, chief executive Guillaume Faury said the situation is not getting any better, requiring the company to adjust its goals.

Airbus has long warned of supply chain issues and a lack of skilled workers, after the pandemic first grounded the global aviation industry and then left it unprepared once air travel came roaring back.

Demand for its aircraft has been particularly strong in the last two years as airlines clamour for modern models, further exacerbating the shortfall in required equipment and labour.

Jet engine supplies in particular have recently emerged as a bottleneck that contributed to Airbus lowering its outlook, Mr Faury said.

“That is a new situation that we were not expecting,” Mr Faury said on a separate call with analysts.

The European plane maker now expects adjusted earnings before interest and tax of €5.5 billion (S$8 billion) in 2024, down from a previous goal of as much as €7 billion.

The company also cut its outlook for free cash flow before customer financing to about €3.5 billion.

この記事は The Straits Times の June 26, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Straits Times の June 26, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE STRAITS TIMESのその他の記事すべて表示
Train service between Jurong East, Buona Vista will not resume today
The Straits Times

Train service between Jurong East, Buona Vista will not resume today

12 new cracks found on track damaged by faulty train; more stress tests to be done

time-read
3 分  |
September 30, 2024
UN cannot allow violations of international law to become normalised: Vivian
The Straits Times

UN cannot allow violations of international law to become normalised: Vivian

Singapore has called on UN member states to prevent the recent violations of international law from becoming normalised, underscoring the need to transform global governance institutions to make them more representative and responsive.

time-read
4 分  |
September 30, 2024
Israel may launch ground offensive in absence of Hezbollah border pullback
The Straits Times

Israel may launch ground offensive in absence of Hezbollah border pullback

Western governments trying to dissuade Israel, while warning Iran not to enter fray

time-read
4 分  |
September 30, 2024
Israel strikes 'dozens' of Hezbollah targets in Lebanon
The Straits Times

Israel strikes 'dozens' of Hezbollah targets in Lebanon

Israel said on Sept 29 it was carrying out new air raids against \"dozens\" of Hezbollah targets in Lebanon, after dealing the Iran-backed group a seismic blow by killing its leader, Hassan Nasrallah.

time-read
3 分  |
September 30, 2024
New schemes to boost community participation under PA 2030 plan
The Straits Times

New schemes to boost community participation under PA 2030 plan

A range of measures to encourage residents to contribute more to their communities was unveiled on Sept 29 by the People's Association (PA), amid growing challenges in engaging people in grassroots activities.

time-read
3 分  |
September 30, 2024
SingPost closes 12 post offices in two years, pivots to new service model
The Straits Times

SingPost closes 12 post offices in two years, pivots to new service model

It is seeking to meet evolving consumer demands in fast-changing digital landscape

time-read
3 分  |
September 30, 2024
The Straits Times

New initiatives to develop community, youth, civic society leaders

Two new initiatives will give community leaders more opportunities to develop their leadership skills and broaden their perspectives.

time-read
2 分  |
September 30, 2024
The Straits Times

Floods, landslides kill 148 in Nepal

Residents of Nepal's flood-hit capital returned to their mud-caked homes on Sept 29 to survey the wreckage of devastating floods that have killed at least 148 people across the Himalayan republic.

time-read
3 分  |
September 30, 2024
S'pore drivers worry despite assurance they can enter Johor without VEP
The Straits Times

S'pore drivers worry despite assurance they can enter Johor without VEP

They throng centre in Danga Bay to get permit, unconvinced about leeway given

time-read
4 分  |
September 30, 2024
Wang Yi touts China's role as peacemaker, calls for Mid-East ceasefire
The Straits Times

Wang Yi touts China's role as peacemaker, calls for Mid-East ceasefire

UNITED NATIONS - Chinese Foreign Minister Wang Yi sought to burnish his country's credentials as a global peacemaker at the United Nations General Assembly on Sept 28, calling for a cessation of fighting in the Middle East and touting Beijing's diplomatic efforts in Russia's war in Ukraine.

time-read
2 分  |
September 30, 2024