Airbus deliveries fell 6% in May under supply chain pressure

PARIS, June 8 (Reuters)Airbus AIR.PA confirmed on Wednesday that it delivered 6% fewer planes in May, compared to the same month last year, as the aerospace industry struggles with tight supply chains.

It delivered 47 jets, taking the total for the year to 235, up 7% from the first five months of 2021. The announcement confirms a Reuters report last week that Airbus had delivered around 47 jets in may.

Deliveries included 37 of the A320 Family single-aisle jets which account for the bulk of the company’s revenue, suggesting Airbus has added to a backlog of undelivered planes based on its latest announced production rate of 50 per month.

Airbus gave the estimate in a recent legal filing in a dispute with Qatar Airways, but some suppliers say Omicron fallout and supply gaps allowed a global parts network to operate closer to mid-years. 40 a month so far.

Airbus said it wanted to boost A320 production to 65 per month by the middle of next year, propelled by a rapid recovery in medium-haul travel. Beyond that, it’s aiming for 75 per month by 2025.

“This is not the breakthrough Airbus would have wanted,” a supply chain source said of the May deliveries. Airbus is targeting a total of 720 commercial deliveries this year.

Chief Executive Guillaume Faury said on Tuesday that Airbus remained confident in its future production projections.

In new business, Airbus announced 13 jet orders, including four more A350s from Turkish Airlines THYAO.ISwho announced last month that he was in command of six of the planes.

So far this year, Airbus has sold 364 planes or 191 after cancellations. At the end of April, Boeing TO FORBID had sold 213 jets or 157 after comparable cancellations.

(Reporting by Tim Hepher; Editing by Cynthia Osterman)

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