Pilatus Aircraft's Deliveries Fall in 2022, but Revenues Rise
Swiss airframer Pilatus reported its annual revenues increased last year, while its deliveries declined from its 2021 record pace.
Jetfly Pilatus PC-24
Luxembourg-based fractional ownership provider Jetfly, the world's largest operator of the Pilatus PC-24 just accepted delivery of its 10th of the type. Last year, the Swiss airframer delivered 40 of them on its way to a very successful year for the company. (Photo: Pilatus Aircraft)

Swiss airframer Pilatus Aircraft had one of its best years in terms of financial results in 2022 even though deliveries slipped to 133 units. Despite headwinds from the Ukraine war and lingering supply chain disruptions from the pandemic, the manufacturer posted 2022 revenues of CHF 1.3 billion and orders worth CHF 1.6 billion, which swelled its backlog to CHF 2.4 billion. Earnings rose by 7.6 percent to CHF 226 million. Those financials were an improvement over its 2021 totals when the company set a new production record as it delivered 152 aircraft.

Last year the OEM handed over 40 PC-24 light jets, 80 PC-12 NGX turboprop singles, 10 PC-21 military trainers, and three PC-6 utility airplanes. While the U.S. generally accounts for the lion’s share of new aircraft deliveries at most OEMs, only 42 percent of Pilatus’ output last year found its way there, followed by 35 percent to Europe and 12 percent to Asian customers.