Airbus Stock Declines 9% as Company Revises Down 2024 Financial Targets
Shares in Airbus faced a significant decline on Tuesday following the company’s announcement of reduced financial targets for 2024. Airbus disclosed that it anticipates lower earnings before tax and interest, along with a decrease in the number of commercial aircraft deliveries for the year.
The aerospace giant attributed these adjustments to ongoing supply chain challenges and increased costs within its space systems division. These factors have compelled Airbus to reassess its projections, reflecting the broader operational hurdles impacting its business strategy.