Airbus earns record net profit of €4.2 bn in 2022
European aircraft manufacturer Airbus said Thursday profits soared to a record level in 2022 despite supply chain problems limiting its ability to increase production.
Net profit rose one per cent to €4.2 billion ($4.5 billion) as Airbus delivered 661 aircraft last year despite original plans to hand over 720 to clients.
Airbus had chopped production during the pandemic when airlines were forced to halt most operations due to travel restrictions.
It was hoping to quickly scale back up now that traffic is recovering and airlines are looking to step up purchases of fuel-efficient aircraft given high fuel prices.
