Airbus Delays New Aircraft

Airbus has announced it’ll delay the entry into service of its newly announced A350 freighter to 2026.

The entry into service (EIS) has slipped following industrial planning for the variant. It also comes off the back of the first components for the A350F by Airbus Atlantic in Nantes arriving.

Revealed in their Q1 results, the company also announced that it is targeting a rate of 9 A350s by the end of 2025 and 4 of the A330s.

Airbus reported revenues of €11.8 billion, down €200 million from 2022’s first quarter of €12 billion.

Airbus reported deliveries of 127 commercial aircraft, down from 142 in the first quarter of 2022.

We continue to face an adverse operating environment that includes in particular persistent tensions in the supply chain. Our 2023 guidance is unchanged with commercial aircraft deliveries expected to be backloaded. We remain focused on delivering the commercial aircraft ramp-up and longer-term transformation.

Guillaume Faury, Airbus Chief Executive Officer.

Despite lower than expected deliveries, Airbus continues to target 720 commercial aircraft deliveries for 2023. However, this guidance could change if the second-quarter performance is lower than expected.