Airbus plummets on the stock market after downgrading forecasts for 2024

26-06-24

Airbus has experienced a significant drop on the stock market this Tuesday, losing 11.3 billion euros, representing a decline of 9.4%, the steepest in the last four years. This fall is due to the downward revision of its forecasts for 2024.

The company has been forced to adjust its aircraft delivery expectations due to supply chain problems. Airbus initially planned to deliver 800 aircraft in 2024, but has now reduced this figure to 770. In addition, the target of producing 75 A320 family aircraft per month has been postponed from 2026 to 2027.

In addition, Airbus has revised downward its profit expectations. Operating profit forecasts for 2024 have been lowered by 19%, from a range announced in February of between €6.5 billion and €7 billion to €5.5 billion.

According to different medias, the main problems in Airbus' supply chain affect engines, aerostructures and cabin equipment, contributing to this revision of expectations and to the plunge in the stock market.