the essential Despite the stretching Covid crisis, Airbus manages to increase its deliveries. In March 2021, the Toulouse manufacturer delivered 72 devices, which is the double of March 2020.
A big cancellation from Norwegian
According to our information, this good level of deliveries is attributable to aircraft lessors and a few Chinese companies. The Toulouse aeronautical group has let it be known that it intends to deliver the same number of planes this year as in 2020, i.e. around 566 units. On the order side, the counter posted 28 order intake in March, including twenty A220s from a client who remains confidential. However, the total balance for the first quarter plunged into red at -61 aircraft due to the bankruptcy of the low-cost airline Norwegian, which led to the cancellation of an order for 97 A320 family aircraft still to be delivered. The order book still has 6998 aircraft to be delivered in the coming years. On the Paris Stock Exchange, the Airbus share was well oriented on Thursday up slightly by + 0.26% to € 100.8. JP Morgan is aiming for a price target of € 115 instead of € 120 on the Airbus stock, while maintaining its “Overweight” recommendation. The broker has revised its estimates downwards due to the outlook for weaker deliveries in the long-haul aircraft segment.
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