ATR registers 53 pc growth in sales in 2023

ATR says it achieved almost USD 1.2 billion in revenues for the first time since the pandemic

With a 53 pc rise in sales and a 44 pc growth in deliveries in the year 2023, compared to the preceding year, Toulouse-based regional aircraft manufacturer ATR says it has seen all-round growth in its performance parameters.

In a press statement, the aircraft maker says that it delivered 36 aircraft in 2023, a 44 pc increase from 2022. This reflects a positive momentum, while the year was still beset by lingering supply chain disruptions, with raw material and component shortages slowing down the manufacturer’s ambition to ramp up.

With 40 new aircraft sold in 2023, a 53 pc rise from the prior year, the company says it has achieved a book-to-bill ratio at over 1. ATR says it got 11 new customers in 2023, of both new and pre-owned aircraft, and recorded over 100 transactions on the second-hand market, demonstrating the strong demand for ATR’s advanced, low-emission and cost-effective turboprops. 

It adds that while Asia remains ATR’s most dynamic market, the company also secured orders from Latin American and European customers in 2023, for both fleet growth and replacement. Overall, 160 new routes were opened by ATR aircraft last year, up from 150 in 2022.

ATR says it achieved almost USD 1.2 billion in revenues for the first time since the pandemic, also supported by a record year for services with revenues over USD 400 million.

Looking at the regional market, the company says it sees further demand in the coming years, with expected fleet growth mainly in South Asia, led by India, South-East Asia led by Indonesia and Philippines and Brazil. New regulations related to rising environmental pressure also create opportunities for ATR to capture a significant portion of the replacement market, especially in Europe, Japan, Canada and the United States, as ATR aircraft offer an immediate solution to cut down emissions dramatically compared to similar-size regional jets.

Nathalie Tarnaud Laude

“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. 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,” says Nathalie Tarnaud Laude, Chief Executive Officer ATR.