Airbus cut its full-year delivery goal for commercial jets on Wednesday, as the ...
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau
Europe’s largest aerospace group expects to deliver “around 860” airliners in 2019 instead of the 880-890 previously targeted, the company said as it posted 1.6 billion euros in adjusted operating income for the third quarter. The adjusted operating profit figure rose 2% year-on-year as revenue fell 1% to 15.3 billion euros for July-September and net income rose 3% to 989 million euros. The group also trimmed its 2019 free cash flow goal to reflect the revised delivery outlook.
John Plueger, chief executive of Air Lease Corp , told the Airfinance Journal Asia Pacific 2019 conference that problems at the Hamburg plant were “getting worse, not better”.
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