Airbus cuts financial targets and takes $965 million space charge

As a result of the lower delivery forecasts, which imply annual growth of 5% instead of 9%, Airbus lowered its main financial targets for 2024.

Airbus softened key industrial and financial targets and took a hefty 900-million-euro ($965 million) charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.