in Business & Finance

Airbus releases financial results for half-year 2019

Posted 1 August 2019 · Add Comment

Airbus has reported half-year (H1) 2019 consolidated financial results and maintained its guidance for the full-year.

“The half-year financial performance mainly reflects the ramp-up in production of A320 Family aircraft and transition to the more efficient NEO version, as well as further progress on the A350 financial performance,” said Airbus chief executive officer Guillaume Faury.

“We continue to see good demand for our competitive product portfolio, including the new A321XLR, as shown by the strong market endorsement at June’s Le Bourget airshow. Our operational focus is mainly on the A320neo Family ramp-up. The second half of the year in terms of deliveries and in particular free cash flow continues to be challenging. In defence and space, we signed the important contract amendment for the A400M programme.”

Gross commercial aircraft orders totalled 213 (H1 2018: 261 aircraft) with net orders of 88 aircraft (H1 2018: 206 aircraft). The order book stood at 7,276 commercial aircraft as of 30 June 2019. Net helicopter orders of 123 units (H1 2018: 143 units) included 23 NH90s for Spain and 11 H145s in the second quarter. Airbus Defence and Space’s order intake by value totalled € 4.2 billion, with second quarter bookings including the A400M Global Support Step 2 contract with OCCAR and next generation geostationary Ka-band communications satellites.

Consolidated revenues increased to € 30.9 billion (H1 2018: € 25.0 billion), mainly reflecting higher commercial aircraft deliveries and favourable foreign exchange. At Airbus, a total of 389 commercial aircraft were delivered (H1 2018: 303 aircraft), comprising 21 A220s, 294 A320 Family, 17 A330s, 53 A350s and 4 A380s. Airbus Helicopters delivered 143 units (H1 2018: 141 units) with stable revenues driven by programme phasing compensated by growth in services. Higher revenues at Airbus Defence and Space were supported by Military Aircraft activities. 

Outlook 

As the basis for its 2019 guidance, the company said: “Airbus expects the world economy and air traffic to grow in line with prevailing independent forecasts, which assume no major disruptions.”

 

 

 

 

 

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Kenya Airways expands codeshare with Alitalia

Kenya Airways has signed an enhanced codeshare agreement with Alitalia (a partner airline in the SkyTeam alliance), creating additional connectivity to the networks of the two airlines, into Africa, Europe, the Far East and South

Embraer Phenom 300 is world’s most delivered llght jet

Embraer Executive Jets delivered 51 Phenom 300 and Phenom 300E light jets in 2019, making it the most delivered light jet of the year.

USAF C-130 supports Flintlock 2020

A United States Air Force (USAF) C-130J Super Hercules aircraft and Airmen assigned to the 37th Airlift Squadron, 86th Airlift Wing, Ramstein Air Base, Germany, deployed to Senegal and Mauritania to support and participate in

Green Africa adds three more A220-300s to its fleet

Green Africa has added to the news that it has ordered 50 A220-300s from Airbus by also committing to lease an additional three of the aircraft from leasing company, GTLK Europe.

Beechcraft King Air 350ERs begin maritime patrol duties

Leonardo has revealed that two Beechcraft King Air 350ERs, equipped as Maritime Patrol Aircraft (MPA), have gone into service with an African Navy following their delivery by the Company, which acted as prime contractor and systems

Boeing to support communities affected by Ethiopian Airlines Flight 302

Boeing has announced it has dedicated the remaining $50 million of a previously announced $100 million fund to support humanitarian needs in communities affected by the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents.

AVAFA20SK2207050320
See us at
AVAFA20BT2207050320AVMENA20 BT1309100620