Aircraft
Airbus Sustains Recovery Despite Russia War Headwinds
The European aerospace and defense group's CEO Guillaume Faury warned it will face more complexity and disruption risk during 2023.
Airbus execs on stage during 2022 financial results press conference in Toulouse.
Airbus CEO Guillaume Faury (left) and CFO Dominik Asam presented the group's 2022 financial results at a February 16 press conference in Toulouse. (Image: Airbus)

Airbus continued its post-Covid recovery trajectory in 2022, albeit at a slower pace than it had hoped for due to the fallout from Russia’s invasion of Ukraine just under a year ago. Announcing year-end financial results on Thursday, the European aerospace and defense group’s CEO Guillaume Faury said the company now faces another year of complexity and disruption risk, albeit with less uncertainty than last year.

In the commercial airline sector, Airbus delivered 661 aircraft, which was 8 percent higher than in 2021. This improvement, combined with factors such as the strengthening U.S. dollar, was a significant factor in group revenues growing by 13 percent to €58.8 billion ($62.9 billion) and adjusted earnings 16 percent higher at €5.6 billion.