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

The IATA summit in Dubai will address challenges such as geopolitical tensions, aircraft shortages, and environmental goals. The aviation industry has returned to profitability, but faces rising costs and increased competition. Boeing's production issues and Airbus's comments highlight ongoing industry concerns.

Portfolio Pulse from Benzinga Neuro

May 31, 2024 | 11:07 am

REE Automotive has started deliveries to customers including Penske, U-Haul, and Airbus. Penske Truck Leasing is offering REE's electric vehicles to its customers, U-Haul is evaluating REE's electric platform for fleet electrification, and Airbus is collaborating with REE on an autonomous program.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 10:42 am

Mobilicom Limited (NASDAQ:MOB) shares are trading higher in the premarket session after announcing a third consecutive commercial-scale order from the U.S. Defense Industry. The order includes Mobilicom's SkyHopper PRO system integrated into drones for the U.S. Department of Defense. Additionally, Mobilicom recently completed a successful flight proof-of-concept with Airbus for high-speed jet UAV-to-ground live streaming.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:05 pm

Airbus SE is showcasing its Optimate demonstrator vehicle at VivaTech to enhance airport safety through automated taxiing. The project aims to reduce ground collision risks and improve flight safety. The initiative involves collaboration with Ree Automotive Ltd and highlights the potential for automation in maneuvering large jets safely through crowded airports.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 2:06 pm

Plug Power, Airbus, and Delta Air Lines are collaborating to explore the feasibility of a hydrogen-based hub at Hartsfield-Jackson Atlanta International Airport. The study aims to establish the necessary infrastructure and safety protocols for integrating hydrogen as a fuel for aircraft operations. The project is expected to be completed by the end of 2026. Plug Power shares are trading slightly higher in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

May 22, 2024 | 10:22 am

Spirit AeroSystems (SPR) is laying off 400-450 employees due to a production slowdown at Boeing (BA), its largest client. The layoffs are linked to quality issues with the 737 MAX jets and delays in Boeing's acquisition of Spirit. Boeing has reduced production rates, impacting Spirit's operations. Spirit's stock has gained over 24% in the last 12 months, and investors can gain exposure through ETFs like XAR and ITA.

Portfolio Pulse from Shivani Kumaresan

May 17, 2024 | 1:40 pm

Boeing Inc. reported a decrease in April commercial airplane deliveries to 24, down from 26 a year ago, amid efforts to enhance 737 MAX production quality. The company faced 33 cancellations, mainly due to Lynx Air's cessation. Despite this, Boeing recorded seven new orders in April, contributing to a total of 138 gross orders for the year. In contrast, Airbus SE saw a 13% increase in deliveries with 61 aircraft in April. Boeing's Q1 revenue declined by 8% year-over-year, but its adjusted loss per share improved, beating consensus estimates. Boeing stock has lost over 10% in the last 12 months but is trading higher by 1.7% at the last check.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 5:04 pm

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported Q1 2024 results with a 19% Y/Y revenue increase to $1.703 billion, surpassing consensus estimates. Despite higher production activities and defense revenues, the company faced challenges including a significant operating loss and negative EPS due to Boeing 737 production disruptions and delivery delays. Spirit's backlog is approximately $49 billion, including Airbus and Boeing commercial platforms. The company withheld guidance amid Boeing acquisition talks and production uncertainties. Shares of SPR traded lower by 1.21%.

Portfolio Pulse from Akanksha Bakshi

May 07, 2024 | 2:34 pm

Airbus SE demands financial compensation from Spirit AeroSystems Holdings Inc to take over its loss-making operations, complicating discussions with Boeing Co. Negotiations are ongoing in New York, with Airbus and Boeing considering a structured deal to divide Spirit's operations. Spirit, a key supplier to both companies, has its operations, including those in Belfast and Kinston, NC, at the center of these discussions. Airbus's shares closed slightly lower.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 11:26 am

Embraer SA is exploring the possibility of entering the narrow-body aircraft market, potentially challenging the Boeing-Airbus duopoly. This comes as Boeing faces crises, including the 737 MAX issues. Embraer is considering partnerships for this venture, with potential collaborators in Saudi Arabia, Turkey, India, and South Korea. Despite no concrete plans yet, Embraer's move could disrupt the market, especially as Boeing struggles with financial and strategic challenges. Meanwhile, Airbus continues to advance its narrow-body aircraft development.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 4:21 pm

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