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Airbus shares plummet after downgraded forecast

» Updated: 16 July 2024, 16:24

» Published: 25 June 2024

Airbus shares plummet after downgraded forecast
Photo: Jon Gambrell/AP/TT

Aircraft manufacturer Airbus' share price falls nearly 10 per cent after a lowered profit forecast for 2024. Airbus refers to continued problems with delivery disruptions and a challenging market for the space programme.

Airbus announced after the Paris stock exchange closed on Monday that it now expects to deliver around 700 aircraft this year, which can be compared to an earlier forecast of around 800 aircraft.

The forecast for the adjusted operating result in 2024 is lowered to 5.5 billion euros, down from 7.0 billion euros in the earlier forecast.

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By TTThis article has been altered and translated by Sweden Herald

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