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Business & Finance

Airbus posts 11 percent drop in net profit for 2023

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TOULOUSE: European aircraft manufacturer Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges related to its space business cutting into earnings.

Airbus warns airlines of new delivery delays

The group, which delivered 735 aircraft last year despite problems in its supply chain, said it plans to deliver “around 800” in 2024.

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