Airbus SE announced on Friday that its revenue in the third quarter amounted to €13.3 billon, growing 27% year-on-year. Net income was up 65% to €667 million, with earnings per share (EPS) gaining 67% and landing at €0.85. In the first nine months of 2022, gross commercial aircraft orders increased to 856 from 270 for the same period in 2021, with net orders of 647 aircraft after cancellations. The order backlog amounted to 7,294 commercial aircraft at the end of September 2022.
"The supply chain remains fragile resulting from the cumulative impact of COVID, the war in Ukraine, energy supply issues and constrained labor markets. Our strong focus on cash flow and the favorable dollar/euro environment have enabled us to raise our free cash flow guidance for 2022," CEO Guillaume Faury said. Airbus now targets €4.5 billion of free cash flow and plans to maintain its target of around 700 commercial aircraft deliveries.
