Airbus missing parts everywhere forces cutback of targets

Airbus SE is coming up short on the millions of parts that make up the company’s commercial aircraft, and the situation is getting worse rather than better for the world’s largest planemaker. The manufacturer warned late on Monday that it’s experiencing a shortage on engines, aerostructures and cabin interiors, which in turn is sabotaging the company’s delivery plans. As a result, Airbus pared back a whole slew of longer-term goals — from operating profit, cash generation and jet handovers to the monthly production rates of its all-important A320 model. The challenges facing Airbus and rival Boeing Co. are caused not by slack demand for its products, but rather a supply chain that’s been severely stretched for years. Airbus has long warned of the issue after the pandemic first upended the global aviation industry and then left it unprepared once air travel came roaring back. What’s new is the breadth of the problem, with CEO Guillaume Faury saying that engine shortages are now coming up as the latest pinch point. “That is a new situation that we were not expecting,” Faury said on a call after Airbus issued its surprise revisions for the year. The company now expects to hand over 770 aircraft rather than 800 units in 2024, it said Monday after European markets closed.<br/>