financetom
Business
financetom
/
Business
/
Airbus deliveries fall 16% in May
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus deliveries fall 16% in May
Jun 6, 2024 3:18 PM

PARIS, June 6 (Reuters) - Airbus delivered 53

aircraft in May, down 16% from the same month last year and

bringing the number of airplanes handed over to customers since

Jan. 1 to 256, the planemaker said on Thursday.

It is targeting 800 deliveries for the year.

Demand for aircraft is strong because air travel is staging

a strong recovery at the same time as supplies of new airplanes

are tight, notably at U.S. planemaker Boeing ( BA ).

Reuters reported on Monday that Airbus, which has

headquarters in France, had delivered around 50 aircraft in May.

Industry sources said it had been targeting closer to 60

deliveries for the month.

Jefferies analyst Chloe Lemarie described the published

tally of 53 deliveries as a "setback".

While May was affected by a high number of weekday holidays

in France, where Airbus has two out of eight narrow-body

assembly lines, Airbus must achieve "significant catch-up" to

reach stable deliveries for the quarter, Lemarie said in a note.

That comes as Airbus is also facing new pressure on the

underlying production of single-aisle jets because of parts and

labour shortages, Reuters reported last week.

There is no immediate connection between production and

deliveries because Airbus includes a buffer in its plans against

delays to protect its delivery goals, analysts say.

But industry sources said production of several dozen jets

could be delayed in the second half of the year, putting

renewed pressure on the planemaker's industrial ramp-up.

Airbus also said on Thursday it had sold 27 airplanes in

May, including 20 A330neos to an unidentified customer.

The upgraded A330 wide-body jet is one of the few available

types of aircraft in a market beset by widespread shortages in

the midst of surging demand for newer models like the A350 and

Boeing 787, delegates said at an airline summit this week.

So far this year, Airbus has sold 254 airplanes, or a net

total of 237 after cancellations.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Steel Dynamics Stock Jumps On Q3 Earnings: Highlights From The Report
Steel Dynamics Stock Jumps On Q3 Earnings: Highlights From The Report
Oct 17, 2024
Steel Dynamics Inc ( STLD ) shares are trading higher in Wednesday’s after-hours session on the heels of the company’s third-quarter financial results. Here’s a rundown of the print. Q3 Revenue: $4.34 billion, versus estimates of $4.177 billion Q3 EPS: $2.05, versus estimates of $1.97 Steel Dynamics ( STLD ) said it shipped 3.2 million tons of steel during the...
BRIEF-Walmart Reports 11.3% Passive Stake In Ibotta As Of September 30 - SEC Filing
BRIEF-Walmart Reports 11.3% Passive Stake In Ibotta As Of September 30 - SEC Filing
Oct 17, 2024
Oct 16 (Reuters) - Ibotta Inc ( IBTA ): * WALMART REPORTS 11.3% PASSIVE STAKE IN IBOTTA INC AS OF SEPTEMBER 30 - SEC FILING Source text for Eikon: Further company coverage: ...
Ferguson Enterprises Insider Sold Shares Worth $453,341, According to a Recent SEC Filing
Ferguson Enterprises Insider Sold Shares Worth $453,341, According to a Recent SEC Filing
Oct 17, 2024
05:22 PM EDT, 10/16/2024 (MT Newswires) -- Jake Schlicher, Senior Vice President of Strategic Development, on October 14, 2024, sold 2,250 shares in Ferguson Enterprises ( FERG ) for $453,341. Following the Form 4 filing with the SEC, Schlicher has control over a total of 9,319 shares of the company, with 9,319 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/2011641/000112760224025620/xslF345X05/form4.xml Price: 202.81,...
Lucid Group Launches Public Offering, Private Placement -- Shares Fall After Hours
Lucid Group Launches Public Offering, Private Placement -- Shares Fall After Hours
Oct 17, 2024
05:22 PM EDT, 10/16/2024 (MT Newswires) -- Lucid Group ( LCID ) said Wednesday it started a public offering of about 262.4 million shares. Underwriters in the offering will likely have a 30-day option to buy roughly 39.3 million additional shares, according to the company. Lucid said that Ayar Third Investment, its majority shareholder and the Public Investment Fund's affiliate,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved