Airbus reports 2024 financial results, will deliver 820 commercial jets in 2025

On February 20, 2025, Airbus published its consolidated financial results for 2024 and updated investors on its forecasted performance for 2025. With total revenues increasing by 6% over the 2023 figure, the European-based planemaker is forecasting a broadly upward performance trend in 2025, with commercial aircraft deliveries and sales in its helicopter and defense divisions all set to increase.

Diving into the company’s financial performance for 2024, the company’s consolidated revenues increased year-on-year to €69.2 billion ($76.1bn), an increase of 6% over the figure of €65.4 billion ($71.9bn) recorded for 2023. While consolidated order intake by value decreased to €103.5 billion ($113.8bn) for 2024 from €186.5 billion ($205.1bn) in 2023, Airbus’ total consolidated order book was valued at €629 billion ($692bn) at the end of 2024, up 13.5% over the 2023 year-end figure of  €554 billion ($609bn).

According to a company statement, the increase in the consolidated order backlog value “mainly reflects the company-wide book-to-bill of above one and the strengthening of the US dollar.”

EQRoy / ShutterstockThe statement adds that Airbus delivered 766 commercial aircraft in 2024 versus 735 aircraft in 2023. This figure comprised 75 A220s, 602 A320neo family, 32 A330s and 57 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 6% to €50.6 billion ($55.6bn), helped by the higher number of deliveries made during the year.

Airbus Helicopters’ revenues increased 8% to €7.9 billion ($8.7bn), reflected through higher deliveries of 361 units in 2024 versus the 346 units delivered to customers in 2023. Elsewhere in Airbus, the company saw “a solid performance across programs as well as growth in services.” Revenues at Airbus Defence and Space increased 5% year-on-year to €12.1 billion ($13.3bn), mainly driven by the division’s Air Power business. Seven A400M military multi-role transport aircraft were delivered (up from eight in 2023) which included the first aircraft for the government of Kazakhstan.

“We achieved strong order intake across all businesses in 2024, with a book-to-bill well above one, confirming the solid demand for our products and services,” said Guillaume Faury, Airbus’ Chief Executive Officer. “We delivered on our 2024 guidance in what was a testing year for Airbus.”  

“We refocused our efforts on key priorities, notably the production ramp-up and the transformation of Defence and Space. We continue to pursue profitable growth and our decarbonization ambition. The 2024 financial results and the level of confidence we have in our future performance support our proposal for an increased dividend,” Faury added.

EQRoy / ShutterstockIn 2024, gross commercial aircraft orders totaled 878, down from 2,319 in 2023. Net orders (which include cancellations) reached 826 aircraft for the year, again a decrease over the 2023 figure of 2,094 aircraft. The total commercial aircraft order backlog amounted to 8,658 commercial aircraft at the end of December 2024.

Airbus Helicopters registered 450 net orders in 2024, versus 393 units in 2023, with a book-to-bill ratio above one both in units and value highlighting strong demand for the Division’s range of products, which includes helicopter-related services. Meanwhile, Airbus Defence and Space’s order intake by value increased to a record €16.7 billion ($18.4bn), up from €15.7 billion ($17.2) in 2023, corresponding to a book-to-bill of around 1.4. The final quarter of 2024 saw orders from Spain for 25 additional Eurofighter military aircraft.

Outlook for 2025

Airbus states that its A320 family narrowbody commercial aircraft program will continue to ramp up towards a production rate of 75 aircraft per month by 2027. The company has now stabilized monthly A330 production at around four per month. However, specific supply chain challenges, notably with supplier Spirit AeroSystems, are currently putting pressure on the ramp-up of the A350 and the A220 programs.

In terms of the A350, the company continues to target a production rate of twelve per month in 2028 and, as recently announced, has been forced to delay the entry-into-service of its anticipated A350 freighter variant to the second half of 2027. On the A220, the company continues to target reaching a monthly production rate of 14 aircraft in 2026.

Airbus Overall, the company is looking to deliver “around 820” commercial aircraft in 2025, which would represent an increase of just over 7% over the number delivered in 2024 which itself fell just short of Airbus’ initial forecast of 770 for the year.

With Airbus’ total earnings for 2025 forecast to reach around € 7.0 billion ($7.7bn) for the year, the company’s board of directors will be proposing the payment of a 2024 dividend of €2 ($2.20) per share, up from €1.80 ($1.98) per share in 2023, plus a special dividend of €1 ($1.10) per share, equalling the 2023 figure. The manufacturer’s 2025 Annual General Meeting will take place on April 15, 2025, when a further trading update is expected.

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