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Airbus will pay a special dividend to shareholders after setting a new record for orders last year, as the aeroplane maker capitalised on resurgent travel demand.
The Toulouse-based company said it would make the payout of €1.00 a share in April, on top of an annual dividend payment of €1.80 per share, as net cash exceeded €10bn.
The announcement came as Airbus said it expected to deliver about 800 commercial aircraft to customers this year, 65 more than in 2023. The group reported that operating profit rose 4 per cent to €5.8bn last year, while revenues climbed 11 per cent to €65.4bn.
“Our dividend proposals are a reflection of the strong 2023 financials, our growth prospects in 2024 and balance sheet strength,” said chief executive Guillaume Faury.
While its commercial aircraft business enjoyed a strong year, Airbus disclosed that its defence and space business was hit by charges totalling €600mn.
