Airbus needs to deliver 300 more aircraft to hit annual goal

[NEW YORK] Airbus delivered 73 aircraft in September as it works to meet ambitious full-year guidance amid supply chain struggles.

The European planemaker delivered 507 planes in the first nine months of the year, meaning it needs to hand over another 300 to meet its guidance of 820 aircraft.

Airbus was forced to park ready-built aircraft, or so-called gliders, due to a shortage of engines. The number of gliders was about 60 at midyear, but that’s been reduced, an Airbus spokesperson said without specifying the number.

Chief executive officer Guillaume Faury said last month that deliveries will pick up speed toward the end of the year.

Single-aisle jets are the most important product for both Airbus and rival Boeing, making up the bulk of their commercial business.

Airbus has announced plans to make 75 of its bestselling A320neo family of jets a month by 2027 in order to deliver on more than 7,200 orders. At that rate, it would take eight years of production to fulfil the backlog. BLOOMBERG