The Business Times

Airbus profit rises, increases plane output

Net profit up 22% after charges for A350, restructuring

Published Mon, Sep 15, 2014 · 04:09 AM
Share this article.

[TOULOUSE, France] Airbus announced a hike in jetliner production as it unveiled higher 2013 profits, clouded by cautious forecasts for the coming year and fresh charges for its newest A350 model.

Europe's largest aerospace group, previously known as EADS, said that it would raise output of its A320 family of small jets to 46 aircraft a month by the second quarter of 2016 from 42 now, echoing plans by rival Boeing to hit 47 a month by 2017.

Planemakers are producing a passenger plane every few hours after a record surge in demand for latest fuel economies, pointing to rising revenues from mid-decade but putting unprecedented demands on a global network of suppliers.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Transport & Logistics


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here