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    AIR   NL0000235190

AIRBUS SE

(AIR)
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Airbus : Ryanair says Boeing risks ceding European low-cost market to Airbus

09/21/2021 | 07:51am EDT
FILE PHOTO: A Ryanair Boeing 737 aircraft approaches Paris-Beauvais airport in Tille, France

LONDON (Reuters) - Ryanair on Tuesday warned that Boeing risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase.

Europe's largest low cost carrier earlier this month abruptly ended talks with the U.S. planemaker over a new order of the larger 737 MAX 10 jets, worth tens of billions of dollars, due to differences over price.

Ryanair Group Chief Executive Michael O'Leary said that "Europe's low cost carriers will drive demand for Airbus A320 family aircraft and not Boeing" unless it cuts its prices and does a deal with Ryanair.

He made the comments in a letter responding to a Reuters article that quoted a Boeing executive forecasting low-cost carriers would drive growth.

(Reporting by Sarah Young; Writing by Conor Humphries)


© Reuters 2021
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Financials
Sales 2021 52 710 M 61 370 M 61 370 M
Net income 2021 2 778 M 3 234 M 3 234 M
Net cash 2021 5 850 M 6 812 M 6 812 M
P/E ratio 2021 28,0x
Yield 2021 0,77%
Capitalization 86 263 M 100 B 100 B
EV / Sales 2021 1,53x
EV / Sales 2022 1,31x
Nbr of Employees 126 050
Free-Float 74,1%
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Number of Analysts 21
Last Close Price 109,78 €
Average target price 139,61 €
Spread / Average Target 27,2%
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Managers and Directors
Guillaume Faury Chief Executive Officer
Dominik Asam Chief Financial Officer
René Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
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