Airbus posted weaker than anticipated first-quarter working revenue and cashflow after hiring extra employees to arrange for rising plane demand, however reaffirmed its monetary objectives for 2024 after a nervous begin to the 12 months on industrial prices.

The world’s largest planemaker additionally introduced the next output goal for its wide-body A350 mannequin, of 12 a month in 2028, amid a renaissance in demand for long-haul jets.

Airbus reported 577 million euros in adjusted working revenue, down 25% on the 12 months, income of 12.83 billion and a free money outflow of 1.8 billion euros. Analysts have been on common anticipating working revenue of 789 million euros and an outflow of 1.3 billion euros, in line with a company-compiled survey.