Streetbeat News

EADSY

Airbus SE

http://www.airbus.com/

CEO

Guillaume Faury

Industry

Aircraft Manufacturing

Open

38.17

Mkt cap

121B

Volume

32K

High

38.19

P/E Ratio

33.80

52-wk high

46.78

Low

37.95

Div yield

0.02

52-wk low

34.10

Airbus has updated its 2024 guidance, projecting around 770 commercial aircraft deliveries, an adjusted EBIT of approximately €5.5 billion, and free cash flow before customer financing of around €3.5 billion. For Q2, Airbus reported revenues of €5,995 billion, missing the estimate of €15.82 billion, but its adjusted EBIT of €814 million exceeded the estimate of €699 million. The company aims to maintain a monthly production rate of 4 A330s in 2024 and increase the rate for A350s to 12 by 2028.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:50 pm

Airbus reported its H1 financial results with revenue of €28,800 million, EBIT of €1,500 million, adjusted EBIT of €1,400 million, adjusted free cash flow of €(-500 million), and EPS of €1.04.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 3:47 pm

RTX's Pratt & Whitney has secured a deal to provide GTF engines for Air Niugini's fleet of 11 Airbus A220 aircraft, along with a 12-year EngineWise® Comprehensive support agreement. This marks Air Niugini as a first-time GTF customer.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:12 pm

Airbus is in discussions with Rolls-Royce for the development of a next-generation narrowbody engine. The Airbus CEO confirmed the talks and mentioned that the company may offer multiple engine options.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 6:28 pm

Avolon has chosen RTX's Pratt & Whitney GTF engines to power up to 160 Airbus A320neo family aircraft. This selection highlights the growing demand for efficient and reliable engines in the aviation industry.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:33 am

Airbus SE has received Type Certification from the European Union Aviation Safety Agency (EASA) for its A321XLR aircraft equipped with CFM LEAP-1A engines. This certification allows the aircraft to enter service by the end of summer. The A321XLR offers significant fuel efficiency and cost benefits, with over 500 units already ordered.

Portfolio Pulse from Nabaparna Bhattacharya

July 19, 2024 | 11:32 am

Allegiant Travel Company (NASDAQ:ALGT) shares dropped significantly after announcing the suspension of its dividend due to capital requirements for fleet investments. Gregory C. Anderson will become the new CEO on Sept. 1, succeeding Maurice J. Gallagher.

Portfolio Pulse from Hayden Buckfire

July 18, 2024 | 7:35 pm

Boeing Co (NYSE:BA) faces a potential strike as Washington state factory workers voted overwhelmingly in favor of a strike mandate, demanding a 40% raise. The strike cannot occur before the contract expires on September 12. This comes as Boeing struggles with market share loss to Airbus SE (OTC:EADSY) and other legal issues. Boeing's stock has lost over 12% in the last 12 months. Investors can gain exposure to Boeing via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 12:30 pm

Yemen Airways has signed an agreement with Airbus to purchase 8 aircraft, marking a significant expansion for the airline.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 1:23 pm

Airbus forecasts a significant increase in global jetliner demand over the next 20 years, predicting the global fleet will more than double. This comes amid modernization efforts and economic growth in Asia. However, Airbus faces potential delivery delays due to supply chain issues. Boeing is also under scrutiny for past 737 MAX crashes.

Portfolio Pulse from Benzinga Neuro

July 15, 2024 | 12:42 pm

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