ATR reported robust growth in 2023 according to its annual results, which highlighted growth through increased deliveries and sales, strong performance of support and services, acquisition of new customers and route creation.
The regional aircraft manufacturer saw a positive momentum in 2023 with 36 aircraft deliveries, a 44% increase from 2022. However, ATR reported a slowdown in its ambition to ramp up its productivity still further due to lingering supply chain disruptions such as raw material and component shortages. Additionally, 2023 saw ATR deliver 40 new aircraft, a 53% rise from 2022; achieve a book-to-bill ratio at over 1; welcome 11 new customers; and record more than 100 transactions in the second-hand market.
“2024 will be a year of stabilisation, paving the way for future growth, and we have already delivered two aircraft since the beginning of the year, which sets a promising pace for ATR,” said Nathalie Tarnaud, CEO of ATR.
ATR achieved nearly $1.2 billion in revenues for the first time since the pandemic, which includes a record year for services with revenues of more than $400 million. Asia remains ATR’s most dynamic market. However, ATR also secured orders from Latin American and European customers throughout 2023, with 160 new routes opened up by ATR in 2023, an increase from 150 in 2022.
“Our 2023 results underscore the value and relevance of our products and services and our ability to adapt to changing market dynamics. Our turboprops remain the backbone of many regional airlines’ fleets, praised for their fuel efficiency, low emissions, cost-effectiveness and versatility,” added Tarnaud.
Image: ATR
