Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

AIRBUS SE

(AIR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Exclusive: Airbus holds jet output stable in face of crisis warnings - sources

share with twitter share with LinkedIn share with facebook
09/24/2020 | 03:10pm EDT
FILE PHOTO: A GoAir Airbus A320neo passenger aircraft is parked at the Airbus factory in Blagnac near Toulouse

Airbus is set to reaffirm its aircraft production rates, despite warnings that the coronavirus crisis will be deeper and longer than expected, industry sources told Reuters on Thursday.

After cutting output of its best-selling A320neo single-aisle jet at the start of the crisis, the European planemaker has subjected its targets to a fresh internal review as a second wave of COVID-19 prompts new government restrictions in Europe.

But although it weighed further trimming its monthly output of 40 A320neos, down from 60 before the crisis, this week's review determined Airbus will hold the line on output for now.

"There are no signs of slowing; the contrary in fact," a senior industry source said of the A320neo output.

Airbus declined to comment.

The decision is good news for hundreds of suppliers at risk from volatility in output rates. But it puts pressure on Airbus to keep up deliveries and find homes for some 170 jets already waiting for ailing airlines to collect them.

In a letter to staff last week, Airbus Chief Executive Guillaume Faury warned the crisis was deepening.

Falling demand, combined with billions of dollars of cash tied up in undelivered jets, has prompted a debate on whether to trim production rates by a handful of jets per month.

Although Airbus has expressed confidence in its goals, it had left itself some flexibility after telling staff in May it could make fresh cuts to tackle a second wave.

OUTPUT DILEMMA

Contributing to pressure for a new cut, around 30 of the jets due in 2021 belong to lessors who have yet to find an airline able to take them, Ascend by Cirium data shows.

Several others do have a home, but questions remain over whether their designated operators will survive the winter.

Airbus has used a mixture of negotiations and legal warnings to keep deliveries relatively buoyant since the crisis began, but those tactics are running their course as airlines face a tough winter without the reserves generated in a normal summer.

"Production rates are too high," another senior source said.

Arguments against cutting reflect the stakes involved when jetmakers adjust an already fragile manufacturing base.

The fear is that an order to speed or slow down, even by a few jets a month, could send a whipsaw effect through the supply chain violent enough to drive some small firms out of business.

Airbus also wants to keep its production system in shape to respond whenever the crisis ends, although there is little relief for wide-body output which has already been revised downwards.

Jet traders say the acid test for Airbus' bid to stabilise output will be whether the majority of cash-starved airlines will be able to find financing for next year's deliveries.

Funds are slowly returning for airlines with the strongest finances, but many airlines are struggling to find support and are seen likely to draw on European government export credits.

By Tim Hepher


share with twitter share with LinkedIn share with facebook
All news about AIRBUS SE
07:41aBoeing posts fourth straight quarterly loss as sales slump
RE
04:40aJAPAN'S MITSUBISHI HEAVY ASKS OTHER : sources
RE
04:40aFrench leisure and travel stocks drop as new COVID curbs imminent
RE
04:05aFrench leisure and travel stocks hit by imminent new COVID curbs
RE
10/27Raytheon Shrinks to Fit Jet Downturn
DJ
10/27Japan's ANA to shrink fleet as it skids toward record $4.8 billion loss
RE
10/27Japan's ANA skids toward record $4.8 bln loss
RE
10/27AIRBUS : ROXY turns Moon dust into oxygen
PU
10/27AIRBUS : The Ecuadorian Air Force takes delivery of their first two H145s
PU
10/27AIRBUS : An international team led by Airbus Defence and Space (Friedrichshafen,..
PU
More news
Financials
Sales 2020 46 914 M 55 091 M 55 091 M
Net income 2020 -426 M -500 M -500 M
Net cash 2020 125 M 147 M 147 M
P/E ratio 2020 -123x
Yield 2020 0,01%
Capitalization 50 123 M 59 317 M 58 859 M
EV / Sales 2020 1,07x
EV / Sales 2021 0,93x
Nbr of Employees 135 154
Free-Float 74,0%
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 81,49 €
Last Close Price 64,00 €
Spread / Highest target 92,2%
Spread / Average Target 27,3%
Spread / Lowest Target -43,6%
EPS Revisions
Managers
NameTitle
Guillaume Faury Chief Executive Officer
René Richard Obermann Chairman
Michael Schöllhorn Chief Operating Officer
Dominik Asam Chief Financial Officer
Luc Hennekens Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS SE-50.95%59 317
THE BOEING COMPANY-50.63%87 625
TEXTRON INC.-23.74%7 514
DASSAULT AVIATION-38.63%7 066
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.60.66%6 422
AVICOPTER PLC12.16%4 704