1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Airbus SE
  6. News
  7. Summary
    AIR   NL0000235190

AIRBUS SE

(AIR)
  Report
Real-time Euronext Paris  -  05/27 11:35:01 am EDT
111.86 EUR   +2.57%
05/27AIRBUS : Jefferies reiterates its Buy rating
MD
05/26Airbus Resumes Settlement Calls With Qatar Airways As Surface Paint Row Heads To Three-month Trial In UK
MT
05/26Qatar Airways and Airbus set for court clash over A350 paint dispute
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Airbus to create own airline to rent out whale plane

01/25/2022 | 03:37pm EDT
FILE PHOTO: A Beluga transport plane belonging to Airbus is pictured in Colomiers near Toulouse, France

PARIS (Reuters) - Airbus plans to charter out its whale-shaped Beluga transport planes - whose main job until now has been to ferry aircraft parts between its plants in Europe - to help other industries haul urgently-needed outsized machinery by air.

Airbus said the move to rent out spare capacity on its existing Beluga ST and new Beluga XL transporters would lead to the creation of a commercial-cargo airline subsidiary from 2023.

Weeks after ending output of the world's largest passenger jet, the A380, Airbus is planning a new role for what could be the West's largest commercial freighter by volume, the Beluga.

It is a rare example of aerospace 'in-sourcing' tasks from other industries after years of farming out work externally, and if successful could pave the way for other services.

The 100% unit will work a commercial basis, Airbus said.

"It will get its revenues from its sales, and it will bear all its investments and operating costs," a spokesman said.

Analysts say demand for outsized cargoes that can be transported without dismantling them has been rising, partly on the back of weakened supply chains. Logistics managers turn to oversized airplanes when there is no time to use sea lanes.

"Within the past few years, even before COVID-19, we were n approached by several companies asking if our Beluga aircraft were available to perform some charter flights," said Business Development Manager Reza Fazlollahi.

Until recently, Airbus had trouble meeting such demand because the aerospace industry was running at peak capacity.

But analysts say lower output of large passenger jets and an industry-wide slump during the pandemic have meant older Belugas have more time left on the clock than first expected.

"The Beluga ST are only at 50% of their life. They have been designed for 30,000 flight cycles and currently have an average of 15,000," said Philippe Sabo, head of Airbus Transport International. A flight cycle is one take-off and landing.

Airbus cut average output by 40% when the pandemic hit and plans to restore and slightly increase output of singe-aisle jets by summer 2023. But wide-body output is expected to remain around half levels foreseen when Beluga XL was launched in 2014.

Airbus said there was no connection between the project to commercialise the Beluga fleet and planned production, however.

(Reporting by Tim Hepher; editing by Jason Neely and Nick Zieminski)

By Tim Hepher


© Reuters 2022
All news about AIRBUS SE
05/27AIRBUS : Jefferies reiterates its Buy rating
MD
05/26Airbus Resumes Settlement Calls With Qatar Airways As Surface Paint Row Heads To Three-..
MT
05/26Qatar Airways and Airbus set for court clash over A350 paint dispute
RE
05/26Qatar Airways and Airbus set for court clash over A350 paint dispute
RE
05/26Qatar Airways and Airbus set for court clash over A350 paint dispute
RE
05/26AIRBUS : increases its UK innovation footprint to develop new hydrogen technologies
PU
05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
RE
05/24U.S. FAA wants some airplane altimeters retrofitted by end of 2022
RE
05/24No data to support changing Boeing 737 MAX 10 cockpit alerting -executive
RE
05/24European executives' confidence plunges on Ukraine crisis - survey
RE
More news
Analyst Recommendations on AIRBUS SE
More recommendations
Financials
Sales 2022 59 708 M 63 968 M 63 968 M
Net income 2022 4 076 M 4 367 M 4 367 M
Net cash 2022 8 468 M 9 073 M 9 073 M
P/E ratio 2022 21,8x
Yield 2022 1,62%
Capitalization 88 074 M 94 358 M 94 358 M
EV / Sales 2022 1,33x
EV / Sales 2023 1,08x
Nbr of Employees 127 120
Free-Float 74,2%
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 111,86 €
Average target price 150,45 €
Spread / Average Target 34,5%
EPS Revisions
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
Sector and Competitors
1st jan.Capi. (M$)
AIRBUS SE-0.45%94 358
THE BOEING COMPANY-36.55%78 232
TEXTRON INC.-16.66%14 204
DASSAULT AVIATION66.32%14 080
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED-19.48%4 264
AVICOPTER PLC-54.40%3 222