Airbus Shares Plummet Nearly 12% as Company Slashes Financial Targets for 2024

Benzinga
Benzinga
  • 3 days ago
Airbus shares fell nearly 12% after the company announced it was cutting its financial targets 2024, including lower expected earnings before interest and taxes. Airbus expects to deliver approximately 770 commercial aircraft this year compared to previous guidance near 800. The guidance cuts are partly due to ongoing supply chain issues affecting engines, aerostructures, and cabin equipment in Airbus' commercial aircraft business. Airbus is facing "persistent specific supply chain issues" impacting production and delivery timelines.
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