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 CEO announced that Rolls-Royce engines for the A330 model are delayed, but there are no delays for the A350 model.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:38 pm

Airbus CEO announced that uncertainties regarding Spirit AeroSystems' industrial commitments have led to a decision to cut Airbus output targets. The CEO also mentioned a deteriorating supply situation for engines for the A320 family, which has worsened over the last few months.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:35 pm

Airbus CEO has stated that the situation with Spirit AeroSystems is difficult from an industrial standpoint.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:25 pm

Airbus is facing ongoing supply chain issues, leading to a reduction in its full-year commercial aircraft deliveries to 770 from 800. The company will record €0.9 billion in charges in the first half of 2024 and has delayed the ramp-up of A320 production to 75 units per month by one year. Despite these challenges, Airbus targets an adjusted EBIT of €5.5 billion.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 5:07 pm

U.S. stocks were mixed on Friday, with the Dow Jones index gaining around 50 points. Notable stock movements included Asana's 13.4% rise following a $150 million share repurchase program, Sarepta Therapeutics' 39.2% jump after FDA approval, and Clover Health's 31% gain due to insider buying. Other significant gainers included Hertz Global, Avid Bioservices, Cabaletta Bio, ADTRAN Holdings, Studio City International, Codere Online Luxembourg, Methode Electronics, Ironwood Pharmaceuticals, Enviri Corporation, PTC Therapeutics, and Spirit AeroSystems.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 2:45 pm

Boeing Co. (NYSE:BA) is nearing a deal to reacquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) to stabilize its supply chain. The negotiations, which faced challenges due to Spirit's work with Airbus SE (OTC:EADSY), are reportedly making good progress. Spirit AeroSystems is under financial strain, and Boeing's interest is partly driven by the need for investment in digital production systems. Boeing's stock has lost over 16% in the last 12 months, and investors can gain exposure via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 11:55 am

A United Airlines (NASDAQ:UAL) flight made an emergency landing after losing part of an engine liner, adding to a series of safety incidents that have placed the airline under regulatory scrutiny. The FAA is investigating, and United's safety procedures are under review. The incident has temporarily limited United's certification activities, impacting its growth.

Portfolio Pulse from Shivani Kumaresan

June 21, 2024 | 10:43 am

Spirit AeroSystems Holdings Inc (SPR) faces uncertainty due to its position between Boeing (BA) and Airbus (EADSY). Analyst Josh Sullivan downgraded SPR from Buy to Hold, citing production issues with Boeing's 737-MAX and 787, and Airbus's reluctance to acquire SPR assets. SPR shares were up 1% to $31.45.

Portfolio Pulse from Priya Nigam

June 20, 2024 | 4:57 pm

Benzinga reviewed the prospects of popular stocks, highlighting bullish and bearish views. Key points include Jim Cramer's optimism about GameStop, Tim Cook's announcement of new AI features for Apple, and concerns about Elon Musk's engagement with Tesla. Additionally, the FAA is investigating Boeing and Airbus for potentially falsified titanium parts.

Portfolio Pulse from Michael Cohen

June 15, 2024 | 1:21 pm

The FAA is investigating Boeing and Airbus for potentially falsified documentation of titanium parts, which could impact the integrity of their aircraft. Spirit AeroSystems, a key supplier, has quarantined suspect parts. Boeing and Airbus stocks are trading lower due to the news.

Portfolio Pulse from Shivani Kumaresan

June 14, 2024 | 3:49 pm

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