European aerospace giant Airbus has reported a six percent increase in full-year revenue, reaching €69.2bn ($74.6bn) in 2024, after delivering 766 commercial aircraft and meeting its financial targets.

According to its financial report released on Thursday, Airbus recorded an adjusted earnings before interest and tax (EBIT) of €5.4bn, while its reported EBIT stood at €5.3bn. The company also generated a free cash flow of €4.5bn before customer financing.

Airbus Chief Executive Officer, Guillaume Faury, highlighted the company’s resilience and strategic focus despite industry challenges.

“We achieved strong order intake across all businesses in 2024, with a book-to-bill well above 1, confirming the solid demand for our products and services. We delivered on our 2024 guidance in what was a testing year for Airbus.”

He further noted that Airbus remains committed to profitable growth and its decarbonization efforts, emphasizing that the company’s financial strength supports a higher dividend payout.

Strong Order Book and Future Outlook

In 2024, Airbus secured 826 net commercial aircraft orders, bringing its backlog to 8,658 aircraft. This figure, however, was lower than the 2,094 orders recorded in 2023.

Meanwhile, its helicopter division saw an increase in demand, with orders rising to 450 units from 393 the previous year. The Defence and Space division also performed strongly, securing orders worth €16.7bn, driven largely by a contract for 25 additional Eurofighter jets for Spain.

Airbus has proposed a dividend of €2.00 per share along with a special dividend of €1.00, reflecting confidence in its future performance.

Looking ahead to 2025, Airbus expects to deliver approximately 800 commercial aircraft and generate an adjusted EBIT of €6.5bn, reinforcing its commitment to long-term growth and operational excellence.