The European plane maker said that it will book charges of about €900 million in the first half of 2024

Airbus said it will miss annual aircraft targets, and will book charges of about €900 million in the first half of 2024. Airbus AIR said it won’t be meeting its annual targets for the year, including the number of commercial aircraft it planned to deliver, after its space-systems management team identified further commercial and technical challenges.

The European plane maker on Monday said that it will also book charges of about €900 million ($962.5 million) in the first half of 2024 following an extensive review of its space-systems programs.

Airbus expects to end the year delivering 770 commercial aircraft, down from a prior outlook of 800 commercial aircraft deliveries a couple of months ago.

Excerpt from WSJ
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