Franco-Italian regional aircraft manufacturer ATR has reported significant growth in its 2023 annual results despite ongoing supply chain disruptions.
The company delivered 36 aircraft last year, a 44% increase from 2022. This growth occurred even as the industry grappled with raw material and component shortages that have slowed manufacturing across the board.
Sales also saw a substantial rise, with 40 new aircraft sold in 2023, a 53% increase from the previous year. This has resulted in a book-to-bill ratio of over 1, indicating a healthy demand for ATR’s aircraft. The company welcomed 11 new customers last year and recorded over 100 transactions on the second-hand market.
Nathalie Tarnaud Laude, ATR Chief Executive Officer, said:
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.
The company also reported a record year for support and services, with revenues exceeding $400 million. This contributed to a total income of nearly $1.2 billion, the highest since the onset of the pandemic.
ATR anticipates further demand, particularly in South Asia (India), South-East Asia (Indonesia, Philippines), and Brazil.
The company also sees opportunities from new environmental regulations. ATR aircraft offer a solution to significantly reduce emissions compared to similar-size regional jets, particularly in markets such as Europe, Japan, Canada, and the United States.
Laude added:
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.
ATR in the Philippines
According to data from Planespotters.net, five airlines currently operate 29 ATR 72 aircraft. These airlines are AirSWIFT, Alphaland Aviation, Cebgo, Leading Edge, and Sunlight Air.
The largest operator of the ATR in the country is Cebgo, a Cebu Pacific subsidiary, which currently has one ATR 72-500, two ATR 72-500(F), and 14 ATR 72-600.
In a recent media presentation attended by AUP, Cebu Pacific revealed that it had eight ATR aircraft activated as of the end of 2023. The airline plans to increase this number to ten by the end of the year, as it expects to reactivate two more of its fleet.
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