Airbus Just 97 Deliveries Away From 2023 Target? European Planemaker Reportedly Delivers 64 Aircraft In November
Portfolio Pulse from Nabaparna Bhattacharya
Airbus SE delivered 64 aircraft in November, a 6% decrease year over year, totaling 623 units for the year. The company needs to deliver 97 more aircraft in December to meet its annual target of 720 deliveries. Despite supply chain issues that led to a missed target last year, analysts now see the 2023 goal as achievable. Airbus has also been developing high-altitude, solar-powered drones for communication services. EADSY shares closed 1.14% lower at $37.18 on Monday.
December 05, 2023 | 11:38 am
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POSITIVE IMPACT
Airbus SE is close to achieving its annual delivery target with 623 aircraft delivered and 97 to go in December. Analysts are optimistic about reaching the goal, and the company is also advancing in drone technology. EADSY shares saw a slight decline.
The news of Airbus nearing its delivery target is positive as it reflects the company's recovery from past supply chain issues and suggests operational efficiency. This could lead to increased investor confidence and a potential rise in stock price. The slight drop in share price could be a temporary reaction, and the overall positive delivery outlook may outweigh this short-term fluctuation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100