Transportation
Airbus Missing Parts Everywhere Forces Cutback of Targets
- Planemaker delays plan to accelerate output of A320 aircraft
- Full-year forecasts for earnings and free cash also reduced
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Airbus SE is coming up short on the millions of parts that make up the company’s commercial aircraft, and the situation is getting worse rather than better for the world’s largest planemaker.
The manufacturer warned late on Monday that it’s experiencing a shortage on engines, aerostructures and cabin interiors, which in turn is sabotaging the company’s delivery plans. As a result, Airbus pared back a whole slew of longer-term goals — from operating profit, cash generation and jet handovers to the monthly production rates of its all-important A320 model.