financetom
Business
financetom
/
Business
/
Airbus posts lower deliveries, wins bumper order from private customer
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Airbus posts lower deliveries, wins bumper order from private customer
Sep 6, 2024 8:08 AM

PARIS, Sept 6 (Reuters) - Airbus deliveries

fell in August after a sharp spike in the previous month, the

European planemaker said on Friday, a decline which analysts

said leaves it with the task of achieving solid year-on-year

growth to meet an annual target.

The planemaker said it had delivered 47 aircraft, down from

77 in July, to reach 447 so far this year.

It aims to reach 770 deliveries for the whole year after

revising the target down during the summer due to delays in

receiving engines, cabin equipment and other parts. Industry

sources have said the supply chain remains fragile,

"August is typically a weaker month for Airbus in terms of

deliveries," Jefferies analyst Chloe Lemarie said in a note,

adding that Airbus needed to raise deliveries by an average of

7% a month compared to last year's pace to reach its target.

Airbus booked 46 new orders including 30 previously

announced A330neos for Cathay Pacific, and a rare

order from a single "private customer" for three A350-900s and

three A320neos worth well over $1 billion at catalogue prices

that tend to be used for one-off purchases without commercial

airline discounts.

Airbus declined to comment but typically uses the "private

customer" designation to describe jets bought to be used by VIPs

in luxury configurations or by governments. Demand for such

aircraft remains strong in the Middle East, analysts say.

Many commercial airlines also initially withhold their

identity when ordering jets in order to shield their marketing

strategies from competitors, but those deals are classified as

"Undisclosed" in the Airbus monthly order and delivery data.

Airbus said it had won 432 gross orders so far this year or

a net total of 413 after cancellations.

(Reporting by Tim Hepher; Editing by Emelia Sithole-Matarise)

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 >
Kenorland Minerals Selling the South Thompson Project in Manitoba to Evolution Nickel
Kenorland Minerals Selling the South Thompson Project in Manitoba to Evolution Nickel
Jul 30, 2024
11:04 AM EDT, 07/30/2024 (MT Newswires) -- Kenorland Minerals ( KLDCF ) said Tuesday it entered into a definitive agreement to sell the South Thompson nickel project in Manitoba to Evolution Nickel. Under the terms, Evolution will issue Kenorland 26-million shares, give it a seat on its board and grant Kenorland a 2% net smelter royalty. Closing is conditional on...
PayPal Posts Bigger-Than-Expected Second-Quarter Gains, Raises Full-Year Earnings Guidance
PayPal Posts Bigger-Than-Expected Second-Quarter Gains, Raises Full-Year Earnings Guidance
Jul 30, 2024
11:01 AM EDT, 07/30/2024 (MT Newswires) -- Shares of PayPal ( PYPL ) climbed intraday Tuesday after the digital payments company reported stronger-than-expected increases in second-quarter results and sweetened its 2024 earnings guidance. Revenue rose to $7.89 billion for the three months ended June 30 from $7.29 billion the year earlier and topped the $7.82 billion average analyst estimate on...
Market Chatter: Swiss Regulator Scrutinizing UBS Vetting of Credit Suisse Customers, Reuters Reports
Market Chatter: Swiss Regulator Scrutinizing UBS Vetting of Credit Suisse Customers, Reuters Reports
Jul 30, 2024
11:07 AM EDT, 07/30/2024 (MT Newswires) -- UBS (UBS) was being scrutinized by the Swiss Financial Market Supervisory Authority on how the company vets risky wealthy customers that it wants to transfer from Credit Suisse, Reuters reported Tuesday, citing unnamed sources with knowledge of the matter. Earlier this year, FINMA reviewed the methods that UBS applied to vet Credit Suisse's...
Spirit turns to premium seating in shift from low-cost model
Spirit turns to premium seating in shift from low-cost model
Jul 30, 2024
(Reuters) - Spirit Airlines ( SAVE ) unveiled plans on Tuesday to tap into a growing demand for premium travel as the budget carrier chases high-margin revenue to mitigate cost pressures and increase its earnings, sending its shares up 7%. The airline joins budget carrier Southwest, which announced its move to premium seating last week, in looking towards the booming...
Copyright 2023-2026 - www.financetom.com All Rights Reserved