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Airbus shares slip on new delivery delays warning – report

2024.02.09 07:23


© Reuters. Airbus shares slip on new delivery delays warning – report

Airbus (EADSY (OTC:)) is informing airways about additional delays in plane deliveries, extending the look forward to some planes that have been initially scheduled for the latter a part of 2024 and into 2025 by a number of months, Reuters reported.

“We are in continuous dialogue with our customers. We are still operating in a complex environment,” an Airbus spokesperson reportedly informed Reuters.

The firm’s shares fell 1.1% in Paris.

This choice is attributed to persistent points with the availability chain, as reported by trade insiders final Friday.

Despite a promising begin to the yr, with Airbus attaining a 50% enhance in January deliveries in comparison with the earlier yr—a interval marred by element shortages and manufacturing challenges—the corporate nonetheless faces a good provide of engines and different important elements.

Last week’s Airline Economics convention in Dublin highlighted issues that the shortfall in obtainable plane to fulfill the rebounding demand would possibly lengthen over just a few years.

Steven Udvar-Hazy, Executive Chairman of Air Lease, commented on the convention that delays of as much as a yr have gotten more and more widespread for single-aisle planes from each Airbus and Boeing.

After a yr the place Airbus beat its delivery goal by distributing 735 plane, analysts from Jefferies anticipate the corporate could set a goal of about 800 deliveries for 2024. The official announcement is anticipated on February 15.

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