Airbus Sept deliveries fell 9% to 50 jets, sources say
Airbus delivered 50 jets in Sept vs 55 a year ago, sources say
Planemaker targeting 770 deliveries for the full year
Global supply chains remain under strain
Adds closing share price in paragraph 11
PARIS, Oct 4 (Reuters) -Airbus AIR.PA delivered 50 jets in September, down 9% from 55 a year earlier and leaving nine-month deliveries ahead by a narrow margin as it faces a sprint towards the finish line in the fourth quarter, industry sources said.
The European planemaker accelerated the pace of deliveries following a slow start to the month.
Airbus declined comment ahead of the publication of monthly data on Oct. 9.
If confirmed, a monthly tally of 50 deliveries would lift the nine-month total to 497 after 447 achieved between January and August. At the nine-month stage in 2023, Airbus delivered 488 jets, implying a 2% annual improvement so far this year.
Airbus is targeting 770 deliveries for the year, which means it must increase the pace in the fourth quarter to reach its keyindustrial target, which was revised down from 800 jets in July.
Deliveries traditionally quicken during the final quarter but analysts are split on whether Airbus can meet its target.
Airbus has said it is aiming for "around 700" deliveries, leaving itself an unspecified margin with investors.
"If they continue that 2% improvement they’ll achieve 749," said Rob Morris, head of global consultancy at Cirium Ascend, who expects Airbus to deliver between 740 and 750 jets in 2024.
Jefferies analyst Chloe Lemarie, who predicts 51 deliveries in September, said in a note this week that the full-year target was within reach but challenging.
Planemakers and their major suppliers have been grappling with shortages of parts and labour, and Airbus has said engines, seats and landing gears are the components most affected.
Airbus shares closed up 0.2% at 126.84 euros.
Reporting by Tim Hepher; editing by Jason Neely and Louise Heavens
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
