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The DAX Group handed over 60 commercial jets to its customers last month, 13 more than in May, it announced in Toulouse on Friday night. To reach the annual target of around 720 aircraft, Airbus has to keep pace: after the first six months, only 297 of them were completed. However, the manufacturer’s delivery figures tend to increase significantly towards the end of the year.
Meanwhile, in June, the group won 78 orders for new aircraft, but also sustained 10 cancellations. The last major orders for a total of 292 passenger jets for four Chinese airlines will be booked in July at the earliest.
Airbus raises long-term forecasts for global aircraft deliveries
Airbus has slightly increased its 20-year estimate for global aircraft deliveries. Airlines can speed up the replacement of old aircraft with newer, more fuel-efficient models, said the European aircraft manufacturer. Airbus now expects to deliver 39,490 new aircraft worldwide by 2041. Of these, 38,600 should be passenger aircraft and 890 cargo aircraft. In line with the old long-term estimate, Airbus was expecting 39,020 new aircraft deliveries in November last year.
Airbus now expects passenger aircraft demand to grow by 3.6 percent annually over the next 20 years. This is a slight decrease in relation to the previous forecast, which was estimated at an increase of 3.9%. annually. Airbus sees higher energy costs as the cause, which could lower consumer demand.
Airbus on top of DAX – deliveries picked up in June
Significantly increased aircraft deliveries in June pushed up Airbus’ prices on Monday. Although the newspapers initially started to low due to critical voices about meeting the annual targets, their rate turned positive in the morning. Sometimes they were DAX leaders. Recently, Airbus shares increased by 0.74 percent to 96.71 euros thanks to XETRA. The leading index was generally weighed down by falls in the price of many cyclical industrial stocks, of which Airbus stood out positively.
Last month, the aircraft manufacturer handed over 60 commercial aircraft to its customers, 13 more than in May. The first voices in the market were still critical as the group has to keep up with the annual delivery schedule of around 720 aircraft. After the first six months, only 297 were completed. However, more optimistic voices were voiced during trading that June could be a positive basis for the rest of the year.
Golman analyst Daniela Costa sees supply data as the first sign of relaxation in the face of strained supply chains. However, it is too early to dismiss this point. Expert Harry Breach from the analytical firm Stifel also rated the development in June as somewhat positive, and on that basis asked himself if a turning point had been reached. Breach also praised the sustained, strong order cycle.
The experts were joined by Ksenia Masłowa from UBS with cautiously positive statements. The deliveries indicated an accelerated regeneration in the area of narrow-body aircraft, and thus in the mass market, which Airbus serves primarily with the A320neo model family. In June, 47 aircraft accounted for the lion’s share of deliveries in this series.
Airbus share comes via XETRA sometimes 0.38 percent higher at 96.36 euros.
TOULOUSE / FRANKFURT / PARIS (dpa-AFX / Dow Jones Newswires)
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