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

AIRBUS SE

(AIR)
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Airlines to Inspect Airbus A380 Vehicles for Cracks: EASA

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07/09/2019 | 07:32am EDT

By Patrick Costello

Airbus SE (AIR.FR) will ask airlines to inspect in-service A380 airplanes for cracks in their wings after the European Union Aviation Safety Agency said Tuesday that it found occurrences of cracks in the passenger vehicles.

The EASA said this condition could reduce the structural integrity of the wings if it isn't corrected. The action applies to the 25 oldest wing sets of A380 planes, it added.

The agency said airlines are required to use ultrasonic testing methods to inspect for cracks and contact Airbus for repair instructions if any are detected.

In February, Airbus said it would stop manufacturing the A380 in 2021, citing falling demand for the superjumbo jet. Airbus previously faced similar problems with the A380 in 2012 after cracks were discovered in the wings of numerous aircraft.

Write to Patrick Costello at patrick.costello@dowjones.com.

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.46% 127.9 End-of-day quote.52.72%
AIRBUS SE 0.00%End-of-day quote.0.00%
AIRBUS SE -1.05% 126.66 Real-time Quote.52.45%
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Financials (EUR)
Sales 2019 70 329 M
EBIT 2019 6 952 M
Net income 2019 4 732 M
Finance 2019 14 745 M
Yield 2019 1,67%
P/E ratio 2019 21,1x
P/E ratio 2020 17,5x
EV / Sales2019 1,21x
EV / Sales2020 1,11x
Capitalization 99 520 M
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Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 24
Average target price 143,09  €
Last Close Price 128,00  €
Spread / Highest target 29,7%
Spread / Average Target 11,8%
Spread / Lowest Target -14,1%
EPS Revisions
Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Non-Executive Chairman
Harald Wilhelm Chief Financial Officer
Luc Hennekens Chief Information Officer
Grazia Vittadini Chief Technology Officer
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