After airplane deliveries were flat in September, investors focused on Airbus’s fourth quarter Reuters

© Reuters. File photo: On July 2, 2020, the Airbus logo can be seen at the entrance of the factory in Blagnac near Toulouse, France. REUTERS/Benoit Tessier

(Reuters)-Compared with the previous month, Airbus’s delivery of jetliners in September was flat, which indicates that the European aircraft manufacturer will make another sprint at the end of the year to achieve its overall 2021 target.

Airbus delivered 40 aircraft last month, bringing the total number of aircraft so far this year to 424, an increase of 24% over the same period last year. This was severely affected by the COVID-19 crisis, but it was down from the nine-month mark 25% in 2019.

The world’s largest aircraft manufacturer’s goal is to deliver 600 aircraft throughout the year 2021. Delivery volume usually tends to the last quarter of this year.

Stifel analyst Harry Breach said in a report: “August delivery volume is still at a slightly lower level, which means that the overall inventory increased in the third quarter, but it is still expected to achieve the upward revised 2021 guidance.”

Airbus said in its monthly summary that only one aircraft, one private A319neo, was sold in September. In the first 9 months, it sold 270 aircraft, and a total of 133 were sold after the cancellation.

Airbus is ahead of rival Boeing (NYSE:) in deliveries this year, but lags behind its American rivals in terms of new orders.

As of the end of August, Boeing had sold 683 or 280 cancelled and modified jets. It delivered 206 jets.

The American aircraft manufacturer will release September’s data on Tuesday.

Disclaimer: Converged Media I would like to remind you that the data contained in this website may not be real-time or accurate. All CFDs (stocks, indices, futures) and foreign exchange prices are not provided by exchanges, but by market makers, so prices may be inaccurate and may be different from actual market prices, which means that prices are indicative and not Suitable for trading purposes. Therefore, Fusion Media is not responsible for any transaction losses that you may suffer as a result of using this data.

Converged Media Fusion Media or anyone associated with Fusion Media shall not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *