Airbus Cuts Delivery Goal, Slows Ramp Up on Supply-Chain Woe

The revisions shouldn’t hit Airbus’s financial performance in the short term, with the company reiterating full-year estimates for earnings and cash, but indicate significant challenges in boosting output in an economic environment beset by labor and materials shortages. A slower increase in A320 production also means a five-year order backlog may take longer to clear, impacting existing clients and potentially hurting the firm’s ability to win new business.