Airbus Cuts Full-Year Delivery Target Amid Fall-off In Cash Flow

Airbus cut its full-year delivery target and said cash flow will be lower than expected as it struggles to capitalise on the grounding of Boeing’s 737 Max, The Irish Times reported. The European manufacturer now expects to hand over about 860 aircraft this year, down from a previous range of 880 to 890 aircraft, as production challenges slow output of A320neo-series models. Free cash flow is likely to be about €3 billion, rather than €4 billion, it said in a statement on Wednesday. Airbus has struggled to keep up with demand for the so-called cabin flex version of the narrow-body’s A321 variant. The configuration allows for more seats or longer range, by adding a new rear section and changing the door layout. Read more