The boss of European planemaker Airbus has read the riot act to executives about disappointing deliveries in January and warned them that in 2023 Airbus cannot deliver fewer jets than its now-abandoned target for 2022, industry sources said.
All eyes are on Feb. 16 earnings when the world's largest jetmaker is expected to outline cautious 2023 targets.
Analysts say Faury will want to avoid spooking investors while insuring against the risk of more downgrades to guidance on deliveries from setting expectations too high. Airbus wants to understand any risks to guidance much earlier, by mid-year.Its output woes have marred what should have been a celebration of resurgent demand with a record Air India order.
While Airbus shapes 2023, the fortunes of 12,000 suppliers remain mixed. There has been an improvement in supplies of electronic chips as well as computers for production tests. Supplies of A320 fuselage shells from Nordenham, Germany, have been disrupted following tensions over a reorganisation. The result is work being done out of sequence which needs more time and labour. A220 cockpits are seen as similarly affected.
In 2021, Faury also appointed an operations chief well respected for running military aircraft activities but with limited experience of higher civil volumes.
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