Paris, Feb. 23 -- "European aircraft maker Airbus reported on Thursday (Feb 20) that its net profit rose in 2024, driven by increased plane deliveries and a goal to accelerate this growth further.

Net profit climbed 12pc to 4.2 billion euros ($4.4 billion), despite a significant writedown in the value of its space business earlier in the year."

Aircraft deliveries rose by 4.2 per cent to 766, helping revenues climb by six percent to 69.2 billion euros.

Deliveries are an important indicator as airlines pay for aircraft when they receive them.

Airbus and its rival Boeing, as well as their suppliers, have struggled to scale production back up after having cut staff and output during the Covid-19 pandemic that nearly shut down internation...