Airbus Says 2024 Guidance Unchanged; Gross Commercial Aircraft Orders Totaled 170 With Same Number Of Net Orders Due To No Cancellations; Order Backlog Amounted To 8,626 Commercial Aircraft At End Of March 2024; Decision To Increase Production Rate For A350 To 12 Aircraft A Month In 2028
Portfolio Pulse from Benzinga Newsdesk
Airbus announced that its 2024 guidance remains unchanged, with gross commercial aircraft orders totaling 170 and an equal number of net orders due to no cancellations. The order backlog has reached 8,626 commercial aircraft as of the end of March 2024. Additionally, Airbus plans to increase the production rate of the A350 to 12 aircraft a month by 2028.
April 25, 2024 | 3:49 pm
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POSITIVE IMPACT
Airbus's unchanged 2024 guidance, significant order backlog, and plans to increase A350 production rate are positive indicators for the company's future performance.
The announcement of maintaining 2024 guidance despite significant orders and no cancellations reflects stability and positive outlook. The decision to increase A350 production anticipates future demand, indicating confidence in market recovery and growth. These factors are likely to be viewed positively by investors, potentially leading to a positive short-term impact on Airbus's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100