Airbus deliveries rose 2% in first half, sources say
Adds details and context from paragraph 3, analyst notes
By Tim Hepher
PARIS, July 1 (Reuters) -Airbus AIR.PA delivered a preliminary total of around 67 airplanes in June, bringing the total for the first half of the year to around 323 aircraft, up 2% from the same period last year, industry sources said on Monday.
Airbus, which last week cut its delivery forecast for the full year to 770 planes from 800 amid supply chain concerns, declined to comment ahead of the release of monthly and half-yearly data expected on July 8.
On a quarterly basis, the preliminary figure implies a 4% drop since the second quarter of last year.
Underscoring trends which prompted Airbus to cut targets last week, the June total also falls short of the company's original ambitions for the month by about 10 aircraft, on top of single-digit shortfalls in prior months, suppliers said.
Airbus cited shortages of engines, structural parts and interiors for last week's decision to lower its delivery target, which came after Reuters reported a new wave of output delays in late May, driven by parts shortages.
Airbus last week slowed plans to raise output of its best-selling A320neo family, by delaying the date at which it expects to reach a record production speed of 75 jets a month to 2027 from 2026. That compares with an estimated 50 jets a month now.
Based on tracking data, Jefferies analyst Chloe Lemarie also estimated Airbus delivered 67 jets in June, putting it on course for what she described as a weak second quarter in the core commercial business, with headwinds including higher headcount and lower volume compared with the second quarter of last year.
Bernstein analyst Douglas Harned wrote that he expected a more modest ramp-up in deliveries in the future, and lowered his 2025 delivery forecast to 870 aircraft from 915.
Reporting by Tim Hepher; Editing by Chris Reese and Michael Perry
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.
