Airbus Shares Plunge After Cutting Profit Forecast Amid Supply Chain Issues
The aircraft manufacturer reduces delivery targets and delays production ramp-up, citing persistent shortages.
- Airbus shares fell nearly 10% following the revised profit forecast and delivery targets.
- The company now expects to deliver 770 aircraft this year, down from the previous estimate of 800.
- Production ramp-up for the A320neo jets has been postponed from 2026 to 2027.
- Airbus faces significant supply chain problems, particularly with engines and cabin equipment.
- A €900 million charge for space activities further impacted the financial outlook.
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