PARIS, Nov 7 (Reuters) - Airbus delivered 62
jets in October to bring this year's total to 559, the company
said on Thursday, as it chases an increasingly challenging
year-end target.
The latest deliveries leave Airbus with more than 200 more
to deliver to reach an annual goal of "around" 770 planes,
revised down from 800 in July after supply chain problems.
Reuters reported last week that Airbus had delivered a
little more than 60 planes in October.
Analysts have said Airbus may be able to deliver as few as
750 planes this year without having to announce a new cut, but
the company is widely expected to lean on the flexibility
provided by the word "around" in its guidance, which it
reiterated last week.
Much depends on the availability of engines and the
planemaker's ability to repeat the type of end-of-year sprint
typically seen before the pandemic, but this time with a supply
chain that has been weakened by parts and labour shortages.
"While it is clearly possible that Airbus might pull
something out of the bag ... it is increasingly feeling to us as
though 750 deliveries, the bottom end of Airbus's new range,
would be a good result," said Agency Partners analyst Sash Tusa.
"We would not rule out another guidance cut towards the end
of November if management sees no signs of improvement by then."
Jefferies analyst Chloe Lemarie said that underlying
production looked solid, going by the number of test flights.
"We thus continue to expect the group to post delivery
performance close to the guided 770," she said.
Airbus posted 82 orders in October, including 60 jets sold
to Riyadh Air last week, and said it had won 749 orders this
year, or a net total of 730 after cancellations.