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Airbus posts 11 percent profit drop for 2023

Toulouse, France (AFP) Feb 15, 2024 - European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings. ....

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Airbus CEO issues blunt warning as unexpected space business losses trigger internal overhaul

Guillaume Faury, the CEO of Airbus, has delivered a message to the company's staff, labelling recent unexpected losses in its Space business as "not acceptable."

This stark assessment comes in response to a 300-million-euro charge in November, related to unidentified satellite programs, including the OneSat family in commercial telecoms. ....

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Airbus posts 11 percent profit drop for 2023

European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting ....

United States , Alain Faure , Christian Scherer , Jean Marc Nasr , Guillaume Faury , Alaska Airlines , Aviation Administration , Federal Aviation Administration , Airbus Defence , Airbus Commercial , Commercial Aircraft , Partners Afp ,