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Airbus delivers 62 more planes, chasing challenging full-year target
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Airbus delivers 62 more planes, chasing challenging full-year target
Nov 9, 2024 12:01 PM

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.

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