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The first major test will be the first quarter for which suppliers say Airbus seeks close to 140 deliveries. Analysts say Faury will want to avoid spooking investors while insuring against the risk of more downgrades to guidance on deliveries from setting expectations too high. On the other hand, sources say steel capacity has moved up the list of concerns amid pressures including debt restructuring at supplier Liberty Steel, which had no immediate comment. INTERNAL TASK FORCEYet despite hot spots, sources say several key yardsticks of supplier performance like missing-parts-per-million are steadily improving. Faury has insisted bringing the supply chain back to health and modernising Airbus' industrial fabric are top priorities.
WASHINGTON/PARIS Dec 8 (Reuters) - The U.S. Federal Aviation Administration said it has approved special conditions for the Airbus (AIR.PA) A321XLR after concerns were raised that a novel type of fuel tank could pose fire risks in its newest narrow-body jet. Rival planemaker Boeing (BA.N) told European regulators in 2021 the architecture of a fuel tank intended to increase the A321XLR's range "presents many potential hazards". The FAA said in a filing it will require that the lower half of the A321XLR fuselage, spanning the longitudinal area of the tank, be resistant to fire penetration to protect passengers. Reporting by David Shepardson in Washington and Tim Hepher in Paris; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.
PARIS, Oct 28 (Reuters) - Airbus (AIR.PA) received a billion-euro boost in projected cashflow from a strong dollar and said it was exploring higher production to meet resurgent demand for wide-body jets, as the European planemaker celebrated five decades of flight on Friday. Third-quarter revenue also benefited from the U.S. currency but operating earnings that include hedging rose by a slimmer-than-expected 26% to 836 million euros ($834.5 million) as the company battles a "degraded" global supply chain. Airbus raised its forecast for free cashflow in 2022 to 4.5 billion euros, from 3.5 billion, after generating almost twice the amount of expected cash in the third quarter. Analysts were on average expecting quarterly adjusted operating income of 887 million euros on revenues of 12.848 billion, according to a company-compiled consensus. Faury reaffirmed single-aisle production targets and said Airbus was assessing supply chain capacity for an increase in production of wide-body jets.
Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, "but we don't want to be right too early", Chief Executive Guillaume Faury told investors. Airbus has seized a commanding lead in the main part of the single-aisle market, most recently through the larger A321neo which Asam said would have an increasing proportion of sales. However, the industry's biggest single-aisle variant, the delayed A321XLR, is not emerging as quickly as Airbus hoped. Improvements in the range of the largest single-aisle jets like the A321neo have eaten into the lower end of the market traditionally reserved for bigger wide-body jets, where Boeing has for decades widely been seen as the market leader.
The carrier will also introduce an improved premium economy cabin in a move it said was a response to strong customer demand. American was the first US airline to introduce long-haul premium seats in 2016, it says. American says it was the first US airline to introduce its current premium economy seating. American AirlinesSource: American Airlines
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