Airbus Posts Profit, Plans New Assembly Line in Alabama
MOBILE, AL—Airbus reported that its profit in the first three months of 2022 more than tripled to $1.28 billion, helped by an increase in aircraft deliveries as airlines recover from the worst of the pandemic.
Airbus said it plans to increase production of its A320 family of planes, which compete with the Boeing 737, to 75 per month by 2025. To hit that rate, Airbus will build a second A320 assembly line at its plant in Mobile.