Airbus records net profit of 4.25B euros

By Associated Press

Feb 18, 2023 12:07 am

PARIS: Airbus is urging stepped-up European cooperation to ensure the continent's security and future access to space after a year that saw the company suffer fallout from Russia's war in Ukraine and the crash of a European satellite launcher.

The France-based plane maker on Thursday reported a record overall 2022 profit of 4.25 billion euros ($4.55 billion), up from 4.21 billion euros the year before, despite inflation challenges and supply chain disruptions that slowed efforts to ramp up aircraft production.

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