A320neo. Courtesy, Airbus
Airbus parent company EADS reported better than expected fiscal 2011 full-year results and record airliner deliveries, posting net income up 76% to €1.1 billion ($1.4 billion).
EADS’ revenues increased 7% to €49.1 billion.
Airbus consolidated revenue increased 10% to €33.1 billion compared to a fiscal 2010 full-year revenue of €29.9 billion. Earnings were €584 million compared to €305 million in the previous year. EADS said the increase was mainly driven by a new record of 534 aircraft deliveries, including 26 A380s.
In 2011, Airbus Commercial also beat its previous order intake record with 1,419 net orders, compared to 2010’s 574 net orders. The A320neo family alone won 1,226 new firm orders, making it the fastest selling jet ever in commercial aviation history, EADS said.
Production rate increases are well underway despite challenges, EADS said. Airbus will ramp up production of the A330 to 11 in the 2014 second quarter—provided the European Union Emission Trading Scheme issue does not harm aircraft orders, the company added.
At the end of December, Airbus’ consolidated order book was valued at €495.5 billion and the Airbus Commercial backlog was €475.5 billion, which comprised 4,437 aircraft.