Planemakers to make gains in jet output in 2025, Howmet CEO says

Reuters
19 Feb
Planemakers to make gains in jet output in 2025, Howmet CEO says

Feb 19 (Reuters) - Planemakers should make strides on single and double aisle jet output in 2025 despite supply chain problems that have weighed on production in recent years, Howmet Aerospace HWM.N CEO John Plant said on Wednesday.

Planemakers Boeing BA.N and Airbus AIR.PA have found it difficult to meet production targets on new jets, despite healthy order books and strong demand from airlines, highlighting supply chain snags and labor shortages among other industry challenges.

“I do have optimism that we’re going to break through narrow body build and wide body build during this year,” Plant said at the Barclays Annual Industrial Select Conference.

“We can’t keep talking about supply chain constraints year after year. They have to be resolved, or maybe most of them already are and maybe they are being used as a bit of a fig leaf sometimes, here or there.”

(Reporting By Allison Lampert in Montreal. Editing by Jane Merriman)

((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))

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