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

AIRBUS SE

(AIR)
  Report
Real-time Quote. Real-time Euronext Paris - 01/26 10:32:18 am
85.94 EUR   +1.26%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Airbus hits record highs, 737 MAX buyers fall on latest Boeing news

01/22/2020 | 08:35am EST
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked at Boeing Field in Seattle

Airbus' shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news.

Boeing said on Tuesday that it did not expect to win approval for the 737 MAX to return to service until mid-year.

Airbus was up by 1.85% at 138.9 euros at 1215 GMT, the top performer on France's benchmark CAC-40 index after hitting a record high 139.32.

But shares in airlines waiting to fly the 737 MAX including TUI Group and Norwegian, fell.

TUI shares fell 5% to their lowest level since September and led losers on London's FTSE 100. The delay means TUI will not have all the planes it hoped to have in time for the summer when it makes the bulk of its profits.

In December, TUI warned that if the 737 MAX was not back in service by May that could wipe off as much as 400 million euros ($444 million) from its annual earnings.

Norwegian shares were down 1.9%. It said that it was in close dialogue with both Boeing and the authorities.

"We are continually taking steps to minimise any disruption to the journeys of our passengers during our summer 2020 program," a spokesman for Norwegian said.

Shares also fell in Boeing suppliers, including France's Safran and Britain's Senior which make the engines for the 737 MAX with General Electric.

Boeing said that the delay was due to further potential developments in the certification process and regulatory scrutiny of its flight control system.

The 737 MAX, Boeing's best-selling aircraft, was grounded last March following two crashes which claimed 346 lives.

British Airways parent firm IAG, which announced a non-binding order for 200 MAX jets last June in a rare piece of good news for Boeing since the grounding, is "still progressing with Boeing", Chief Financial Officer Steve Gunning told Reuters in Dublin on Wednesday.

"I think we're still confident Boeing will get this back in the sky," Gunning said, adding that the 2024 delivery timeframe left IAG with some room for manoeuvre.

Another top 737 MAX buyer, Ryanair <RYA.I.>, declined to comment. Its chief marketing officer said this month the Irish budget carrier thought it was possible it might take delivery of up to 10 737 MAX aircraft by April.

(GRAPHIC - Airbus vs Boeing: https://fingfx.thomsonreuters.com/gfx/mkt/13/1401/1380/airbus.png)

(Reporting by Sudip Kar-Gupta in Paris, Josephine Mason in London, Laurence Frost and Conor Humphries in Dublin, Terje Solsvik in Oslo, writing by Sarah Young, editing by Louise Heavens and Jason Neely)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 1.27% 85.94 Real-time Quote.-5.47%
AT HOME GROUP INC. -1.12% 24.76 Delayed Quote.62.16%
BEST INC. -2.46% 2.395 Delayed Quote.19.61%
GENERAL ELECTRIC COMPANY 7.07% 11.7671 Delayed Quote.1.76%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. -0.29% 139.75 Delayed Quote.-12.39%
JASON CO., LTD. -0.61% 654 End-of-day quote.-2.10%
MAX CO., LTD. 1.46% 1462 End-of-day quote.1.60%
MELROSE INDUSTRIES PLC 1.84% 168.95 Delayed Quote.-6.94%
MSCI UNITED KINGDOM (STRD, UHD) -0.78% 1061.025 Real-time Quote.3.72%
NORWEGIAN AIR SHUTTLE ASA -1.29% 61.1 Real-time Quote.-28.80%
RYANAIR HOLDINGS PLC 2.49% 14.595 Real-time Quote.-12.40%
SAFRAN 2.78% 109.2 Real-time Quote.-8.45%
SENIOR PLC -1.46% 94.65 Delayed Quote.7.56%
THE BOEING COMPANY 0.12% 203.91 Delayed Quote.-3.84%
TUI AG 0.15% 3.958 Delayed Quote.25.24%
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Financials
Sales 2020 47 589 M 57 856 M 57 856 M
Net income 2020 -1 356 M -1 649 M -1 649 M
Net cash 2020 1 960 M 2 382 M 2 382 M
P/E ratio 2020 -51,6x
Yield 2020 0,03%
Capitalization 66 475 M 80 615 M 80 816 M
EV / Sales 2020 1,36x
EV / Sales 2021 1,21x
Nbr of Employees 134 071
Free-Float 74,1%
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 98,37 €
Last Close Price 84,87 €
Spread / Highest target 61,4%
Spread / Average Target 15,9%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Guillaume Faury Chief Executive Officer
René Richard Obermann Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
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