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Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries

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Shares in Airbus fell on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings.

Shares in Airbus fell on Tuesday after the company said it was cutting its financial targets for 2024.

Airbus said it was now expecting lower earnings before tax and interest and fewer commercial aircraft to be delivered this year. The company cited supply chain issues and additional costs in its space systems division as reasons for the lower targets.it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros , down from aThe company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Airbus also delayed its target timeline for ramping up the production of its A320 aircraft.

"These are mainly related to updated assumptions on schedules, workload, sourcing, risks and costs over the lifetime of certain telecommunications, navigation and observation programmes," the company said.Rancho Penasquitos

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Airbus shares fall 9% as company cuts 2024 guidance on targets, deliveriesShares in Airbus fell on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings.
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