AMSTERDAM, July 31 (Bernama-dpa) -- European aerospace company Airbus announced on Tuesday that its second quarter net income fell to €230 million (U$249 million), down from last year's €1.06 billion.
Earnings per share dropped to €0.29 from €1.34 in the previous year, reported German news agency dpa.
The company said earnings before interest, taxes (EBIT) totalled €847 million, down from €1.497 billion in the previous year, due to charges in the Space Systems business.
Revenues for the second quarter rose slightly to €15,995 million compared to €15,900 million a year earlier.
Airbus said 323 commercial aircraft were delivered, compared to 316 in the first half of 2023. The deliveries comprise 28 A220s, 261 A320 Family aircraft, 13 A330s and 21 A350s.
The company's 2024 guidance excludes mergers and acquisitions.
The company targets some 770 commercial aircraft deliveries, adjusted EBIT of around €5.5 billion and free cash flow before customer financing of about €3.5 billion.
"The half-year financial performance mainly reflects significant charges in our space business," said Guillaume Faury, Airbus Chief Executive Officer. "We are addressing the root causes of these issues."
"In commercial aircraft, we are focused on deliveries and preparing the next steps of the ramp-up, while addressing specific supply chain challenges and protecting the sourcing of key work packages."
-- BERNAMA-dpa
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