In March, Airbus accelerates deliveries with 72 aircraft

In March, Airbus accelerates deliveries with 72 aircraft
In March, Airbus accelerates deliveries with 72 aircraft
                                                                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. 
Even if the prospects for an upturn in air traffic are long overdue because of a longer-than-expected exit from the pandemic, Airbus has made an honorable start to the year. The aircraft manufacturer has just announced that it had delivered 72 aircraft to 34 customers in March 2021 against 36 a year earlier in March 2020. This is therefore a doubling which allows Airbus to regain the pace of deliveries in March 2019, i.e. the level before the Covid crisis. Since the start of the year Airbus has succeeded in delivering 125 aircraft to 44 customers. In detail, Airbus delivered four Canadian A220 regional aircraft, sixty A320 family aircraft, or nearly two per day, as well as eight A350 long-haul aircraft. On March 22, Air France thus received its seventh A350 called “Reims” but the French company announced that it would postpone the delivery of one or two long-haul flights out of the seven expected in 2021.

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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