PARIS (Reuters) -Airbus slowed the manufacturing ramp-up of its best-selling A320neo-family jet and focused 2023 jet deliveries in keeping with its unique estimate for final 12 months because the world’s largest planemaker bowed to industrial strain on provides.

The France-based group additionally focused an adjusted working revenue of 6.0 billion euros ($6.4 billion) in 2023 after posting a stronger than anticipated 5.627 billion for final 12 months, up 16% from 2021 and helped by constructive pension results.

The brand new targets for single-aisle jets verify a shallower trajectory disclosed by business sources final month, with the purpose of 65 A320neo-family jets a month slipping to end-2024 and the speed of 75 slipping to 2026 from “center of the last decade”.

“We’re adapting our manufacturing to match provide,” Airbus Chief Govt Guillaume Faury stated on Thursday. Business sources have stated Airbus is at the moment producing 45 of the workhorse jets a month.

Revenues rose 13% to 58.763 billion euros, buoyed by larger deliveries in comparison with the earlier 12 months and a powerful greenback.

Airbus delivered 661 jets final 12 months, up 8%, however fell nicely under its unique goal of 720 items, which was later trimmed to 700 and in the end deserted weeks earlier than end-year.

In a outcomes assertion, Faury blamed an “hostile working setting that prevented our provide chain from recovering on the tempo we anticipated”.

Airbus confirmed it could, nonetheless, enhance A330neo wide-body output to 4 a month in 2024 from round 3 now.

It introduced plans to hike A350 output to 9 a month on the finish of 2025 from round 6 now after promoting 40 of the jets to Air India as a part of a file deal.

The choice to push in direction of pre-COVID ranges displays rising demand for wide-body jets. Business sources had beforehand stated A350 output was scheduled to stay regular at 6 a month all through 2024 and 2025, up from 5.6 a month in 2023.

Airbus’ web money rose to 9.4 billion euros, closing in on a 10-billion-euro threshold beforehand recognized for potential share buybacks.

($1 = 0.9344 euros)