Airbus and Embraer Report Q1 Results
Despite an overall decline in EBIT, Airbus continues toward its goals for increasing production rates for a variety of its commercial aircraft. Within the commercial sector, Embraer earned $198.8 million in revenue, seeing an increase of 17.5% compared to the previous year.
Two of the world’s largest aircraft manufacturers, Airbus and Embraer, have announced their Q1 2023 results. Looking at a variety of metrics, the companies report improvements in some areas while indicating certain standards have fallen behind Q1 2022’s performance. Either way, the results of both companies highlight extensive and widespread recovery within the aviation industry as a variety of operators order and receive new aircraft.
Within the first quarter of 2023, Airbus boasted 156 commercial aircraft orders. Foll...