5 stunning stats about Airbus

Airbus has delivered more than 10,000 planes and claims the title for the largest passenger aircraft. Here are the stats behind one of the world's biggest plane manufacturers.

Posted: Apr 28, 2018 7:26 PM
Updated: Apr 28, 2018 7:26 PM

An engine shortage is causing major pain at Airbus.

The European planemaker said Friday that revenue slumped 12% in the first quarter after an engine shortage slowed deliveries of the narrow-body A320neo.

Airbus delivered a total of 121 commercial aircraft during the first quarter, 15 fewer than during the same period in 2017. The pace of deliveries was dramatically slower than the final quarter of 2017, when 264 planes were handed over to customers.

CEO Tom Enders described the engine shortage as a "challenging situation," and said its impact was "clearly shown" in the company's financial results.

Profit slipped to €283 million ($342 million) in the first quarter, a 31% decline from the same period last year.

Shares in Airbus declined 0.3% in Paris.

A320neo planes outfitted with Pratt & Whitney engines have suffered repeated reliability issues since they began flying passengers in 2016. The most recent problem, which surfaced in February, involved a faulty seal that took planes out of service and delayed engine production.

Related: Pratt & Whitney engine issue could ground some planes

Pratt & Whitney, which is owned by United Technologies, is now shipping fixed engines to Airbus. A second supplier of A320neo engines, CFM International, is also clearing an order backlog after suffering production delays.

Airbus said it should still be able to meet its deliveries target for 2018.

"Based on the confidence expressed by the engine makers and their ability to deliver on commitments, we can confirm our full-year outlook," Enders said in a statement. "This still leaves us with plenty to do this year to reach the target of around 800 commercial aircraft deliveries."

Airbus delivered a record 718 aircraft in 2017, up from 688 in 2016.

Article Comments

Mason City
Broken Clouds
76° wxIcon
Hi: 77° Lo: 55°
Feels Like: 76°
Albert Lea
Broken Clouds
73° wxIcon
Hi: 76° Lo: 56°
Feels Like: 73°
Scattered Clouds
79° wxIcon
Hi: 78° Lo: 58°
Feels Like: 79°
Charles City
Few Clouds
72° wxIcon
Hi: 76° Lo: 56°
Feels Like: 72°
Scattered Clouds
74° wxIcon
Hi: 75° Lo: 55°
Feels Like: 74°
Tracking a nice start to the weekend with storms returning overnight Sunday
KIMT Radar
KIMT Eye in the sky

Latest Video


Newman wrestling coach Mark Bertsch steps down


Olmsted Medical Center clinic opening in Rochester


Sara's Daybreak Forecast - Friday


The end of "Garage of Goodness"


Tree tour in Rochester


Breaking news: Structure fire


Changes coming to the heart of the city


Kid hit by car: Surveillance video


Closing up crop


Chris' PM Weather Forecast

Community Events