Airbus said its net income plunged in the second quarter and warned that supply-chain challenges were leading it to scale back production targets for its commercial aircraft. Airbus said it now expects to deliver 700 aircraft this year, down from a target of 720 aircraft announced in May. Over the long term, the company still expects to produce 75 A320 per month in 2025, but it is now targeting a monthly rate of 65 in early 2024, about six months later than previously planned.