Airbus Needs Record 4Q Plane Deliveries to Hit Annual Target
Dow Jones
Oct 02
0845 GMT - Airbus has to deliver a record number of planes to customers in the fourth quarter to meet its annual target, MWB Research's Jens-Peter Rieck writes in a note to clients. The European plane maker is aiming for roughly 870 commercial aircraft deliveries this year. It dispatched 475 by the end of August and Rieck estimates 69 deliveries in September, lifting the year-to-date figure to 544. That means Airbus would need to send about 326, or roughly 109 per month, to meet its annual goal, Rieck says. He notes this would be 14% above last year's fourth-quarter figure of 286 planes and 10% above the previous fourth-quarter record of 297 in 2018. Airbus shares trade 2.1% higher at 189.46 euros.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.