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

AIRBUS SE

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U.S. tariffs against Airbus would harm Delta: airline official

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05/15/2019 | 12:09pm EDT
Passengers check in at a counter of Delta Air Lines in Mexico City

WASHINGTON (Reuters) - U.S. imposition of tariffs against the European Union over aircraft subsidies would cause "serious harm" to Delta Air Lines since the U.S. carrier is already under contract to buy several billion dollars worth of Airbus aircraft, a senior airline official said on Wednesday.

Delta Associate General Counsel Scott McClain told a hearing that the airline was contractually obligated to pay for any tariffs imposed. He said the U.S. tariffs "will not punish the foreign producer because we can’t avoid those orders now."

Instead, it would force Delta to pay what he called an "unexpected tax" that would harm the airline, its employees and its customers.

(Reporting by Andrea Shalal; editing by Jonathan Oatis)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.45% 116.54 Real-time Quote.38.80%
BOEING COMPANY (THE) 1.24% 354.9 Delayed Quote.10.05%
DELTA AIR LINES INC. 0.22% 54.12 Delayed Quote.8.46%
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Financials (€)
Sales 2019 70 225 M
EBIT 2019 6 680 M
Net income 2019 4 245 M
Finance 2019 12 267 M
Yield 2019 1,78%
P/E ratio 2019 20,91
P/E ratio 2020 16,05
EV / Sales 2019 1,12x
EV / Sales 2020 1,01x
Capitalization 90 679 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 134 €
Spread / Average Target 15%
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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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