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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Airbus SE    AIR   NL0000235190

AIRBUS SE

(AIR)
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Airbus boosts output at U.S. plant amid tariff dispute

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01/09/2020 | 11:22am EST
The logo of Airbus is pictured at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse

Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday.

Airbus currently produces close to six single-aisle jets a month at the plant and expects to reach that level in the next few weeks.

The increase comes as Airbus faces U.S. tariffs on aircraft assembled in Europe in a dispute over aircraft subsidies. Aircraft assembled at its U.S. plant and delivered to U.S. airlines are currently exempt from the 10% duties.

Airbus has previously said it envisages total capacity of eight aircraft a month in Mobile, where it began assembling aircraft from sections shipped from Europe in 2015.

Airbus reiterated on Thursday it aims to increase overall A320-family production to 63 a month in 2021.

It has begun producing the smaller A220 aircraft in Mobile and expects to make the first delivery in the third quarter, rising to four a month by the middle of the decade.

(Reporting by Tim Hepher; editing by David Evans)

Stocks treated in this article : Airbus SE, Cardinal Health, Inc., Cardlytics, Inc.
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -4.94% 124.38 Real-time Quote.0.28%
CARDINAL HEALTH, INC. -2.65% 58.14 Delayed Quote.18.07%
CARDLYTICS, INC. -4.83% 91.24 Delayed Quote.52.51%
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Financials (EUR)
Sales 2020 73 087 M
EBIT 2020 7 722 M
Net income 2020 5 452 M
Finance 2020 11 241 M
Yield 2020 1,82%
P/E ratio 2020 18,2x
P/E ratio 2021 15,9x
EV / Sales2020 1,18x
EV / Sales2021 1,11x
Capitalization 97 349 M
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Mean consensus BUY
Number of Analysts 24
Average target price 150,38  €
Last Close Price 124,38  €
Spread / Highest target 37,5%
Spread / Average Target 20,9%
Spread / Lowest Target -3,52%
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Managers
NameTitle
Guillaume Faury Chief Executive Officer
Denis Ranque Non-Executive Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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