Airbus releases updated guidance for this year, signalling fewer deliveries and lower earnings

Europe-based global major aerospace group Airbus has released updated guidance for its expected performance for the rest of this year. Its previous guidance for the year had been issued in late April. The new guidance downscaled the group’s expected performance for this year, both in financial and delivery terms. This was because of issues with certain of the group’s space programmes, and challenges in the supply chain for its commercial airline business.