Airbus is adapting to possible new U.S. tariffs while maintaining its market dominance, having reported a 12% profit increase in 2024 and delivering 766 commercial jets. CEO Guillaume Faury emphasized the need for greater collaboration among European nations on defense, given perceived U.S. retreat from its security commitments. The company faces uncertainty due to evolving U.S. trade policies, which include reciprocal tariffs, impacting its production and supply operations across various regions, including Europe, China, Mexico, and Canada.
Airbus is preparing for potential U.S. tariffs and may pass on costs to American airlines, while urging European collaboration on defense amid U.S. policy shifts.
We are like others facing uncertainty when it comes to tariffs, Mr. Faury said, highlighting the broader challenges businesses encounter due to changing U.S. trade policies.
Last week, he set in motion a plan for so-called reciprocal tariffs on American trading partners, as he broadens the scope of his unfolding trade war.
Airbus reported a 12 percent surge in net profit for 2024, affirming its dominance in civil aviation with 766 jet deliveries versus Boeing's 348.
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