ATR Records Strong Growth in 2024 with 56 Aircraft Orders and Stable Deliveries

Franco-Italian turboprop aircraft manufacturer ATR has announced solid financial results for the 2024 full year, driven by strong market demand and strategic growth initiatives. ATR secured 56 aircraft orders in 2024, a significant 40% increase compared to the previous year. The order book included 51 ATR 72s and five ATR 42s, boosting ATR’s backlog to over 150 aircraft.

The company’s growth was particularly notable in Asia, with strong interest from regional carriers, as well as increasing demand from Canadian operators entering the market for ATR aircraft. ATR’s CEO, Nathalie Tarnaud Laude, highlighted the company’s ability to maintain delivery rates amid challenging conditions, delivering 35 aircraft in 2024, slightly down from 36 in the previous year. One additional aircraft is also ready for delivery, continuing ATR’s solid performance in aircraft production.

“We delivered what we said we would in 2024,” said Laude. “We maintained delivery rates despite tough conditions, welcomed 16 new operators, secured 56 aircraft orders, expanded value-added services, and streamlined operations.”

ATR’s financial performance remained stable, with revenues reaching $1.2 billion for the second consecutive year. The company reported a book-to-bill ratio well above 1, reflecting robust demand for its aircraft. ATR also recorded nearly 100 transactions on the second-hand market, reaffirming the strong market appeal for its aircraft. In addition, customer support and services saw a 15% increase, reaching $480 million.

Looking ahead, ATR anticipates another year of stabilization in 2025, although supply chain tensions are expected to persist at least during the first half of the year. The company’s commitment to meeting market demand remains strong, despite challenges in the global supply chain.

In a notable shift, ATR announced in November 2024 the halt of development for the ATR 42-600S, a short takeoff and landing (STOL) variant of the aircraft. This decision followed an extensive market review and ongoing supply chain issues that affected the program’s viability.

With its solid order book and commitment to supporting customer needs, ATR is poised for continued growth in the turboprop sector as it adapts to market trends and challenges.

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