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Airbus is delivering more commercial aircraft again

2021-04-08T22:10:36.989Z


Although the cancellations at Airbus continue to exceed new orders, there is good news at the aviation group. As the company announced, the number of aircraft delivered more than doubled.


Enlarge image

The Airbus headquarters in Toulouse, there was good news to be announced here

Photo: 

REGIS DUVIGNAU / REUTERS

The aviation and defense company Airbus delivered more than twice as many aircraft in March as in February.

As the group announced, the number rose to 72 machines after 32 in February.

In the entire first quarter, Airbus delivered 125 aircraft to its customers, exceeding the comparable figure from the previous year by three jets.

Airbus boss Guillaume Faury wants to deliver at least as many aircraft in the current year as in the previous year.

In 2020, the manufacturer handed over 566 machines to its customers, compared to 863 in the record year 2019.

At the beginning of the year, deliveries are typically weak because aircraft have to be completed again.

The US investment bank Goldman Sachs left Airbus shares on the Conviction Buy List with a target price of 134 euros due to the new figures.

Analyst Chris Hallam sees the 72 deliveries as an early signal of a turnaround, as he wrote in a study according to the German press agency.

Cancellations continue to outpace new orders

In the first quarter, 39 aircraft were newly ordered, said Airbus.

However, in the corona crisis, the number of cancellations far exceeded the number of orders, resulting in a net order intake of minus 61. After all, the number of cancellations fell from 92 in February to only eight in March.

Because of the corona pandemic, the group is reducing its production by around 40 percent, and Airbus does not want to expand it again until the summer.

Last year, the group made a loss of 1.1 billion euros due to the corona crisis.

hba / dpa / Reuters

Source: spiegel

All business articles on 2021-04-08

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