Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  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  -  11:39:03 2023-01-27 am EST
116.62 EUR   -3.57%
01:04pBoeing to hire 10,000 workers in 2023 as it ramps up production
RE
12:34pSurprise Decline in French Households Confidence in the New Year Pulls Stocks Lower
MT
08:02aRolls-Royce slumps as new CEO warns of 'last chance' to change
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Investors eye Boeing jet production outlook, delivery schedule

01/24/2023 | 12:42pm EST
FILE PHOTO: Farnborough International Airshow

WASHINGTON (Reuters) - As Boeing battles disruption in its supply chains, investors will be looking for the largest U.S. planemaker to satisfy questions about its planned ramp-up for commercial jets and set aside concerns over losses in major defense projects when it reports earnings Wednesday.

Boeing has seen 737 MAX customer demand recover briskly after two crashes and the COVID-19 pandemic battered the airline industry. Chief Executive Dave Calhoun said in October Boeing has "mitigated these existential moments."

Boeing is expected to report an increase in fourth-quarter revenue to $20.38 billion from $14.79 billion in the same quarter last year, with earnings of 26 cents a share, according to Refinitiv data.

However, analysts warn Boeing still faces major risk to increasing aircraft production, as supply chain recovery and additional regulatory requirements could delay schedules.

"It's not just a simple production recovery story," said Aerodynamic Advisory analyst Richard Aboulafia, who pointed to Boeing's backlog of hundreds of undelivered 737 and 787 planes sitting in storage.

Boeing plans to increase production of its flagship 737 MAX family of narrowbody airliners, which make up most of the company's sales volume, from 31 planes a month to about 50 by 2025. Executives previously pointed to supply chain bottlenecks as the major driver for lagging 737 MAX production, and investors will be listening for details about how many aircraft are expected to be manufactured and delivered this year.

Investors will also be looking for Boeing to shed light on why it is taking so long to deliver MAX planes sitting in storage. The Federal Aviation Administration is still individually inspecting each MAX before it can be delivered.

"It does look like that is not progressing as quickly as they would like," Vertical Research analyst Robert Stallard said.

The 787 Dreamliner program, which restarted deliveries in August after an 11-month pause, faces similar questions about its planned increase to 10 widebody planes a month by 2025.

Boeing aims to gradually grow production of the 787 to five a month, but slowed production after a December parts delay, Reuters previously reported.

In order to receive FAA approval to restart 787 deliveries, Boeing agreed to retrofit planes to meet certification requirements and submit those aircraft for FAA inspections ahead of delivery. Investors may question whether those requirements could potentially drive additional costs.

Boeing delivered 480 airplanes in 2022, trailing rival Airbus's 661. Both planemakers fell below analysts' expectations.

Over the first three quarters of 2022, Boeing racked up about $4.4 billion in losses on defense programs, with high manufacturing costs and labor shortages. Investors are skeptical Boeing can remain on cost and schedule in that business.

(Reporting by Valerie Insinna and David Shepardson, editing by Ben Klayman and Nick Zieminski)

By Valerie Insinna and David Shepardson


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -3.57% 116.62 Real-time Quote.8.94%
BOEING -0.73% 211.17 Delayed Quote.11.65%
All news about AIRBUS SE
01:04pBoeing to hire 10,000 workers in 2023 as it ramps up production
RE
12:34pSurprise Decline in French Households Confidence in the New Year Pulls Stocks Lower
MT
08:02aRolls-Royce slumps as new CEO warns of 'last chance' to change
RE
06:30aFrench Stocks Oppose Declines In French Consumer Confidence, Eurozone Loans
MT
06:23aEuropean Midday Briefing: Stock Gains Capped Ahead of U.S. Infl..
DJ
05:36aAIRBUS : DZ Bank reiterates its Neutral rating
MD
04:04aAir France-KLM Orders Airbus Passenger, Freighter Aircraft
DJ
03:56aAir France-KLM Orders Seven Aircraft from Airbus
MT
02:27aAir France-KLM orders new Airbus freighter, passenger aircraft
RE
02:08aAir France-KLM orders new freighter, passenger Airbus aircraft
RE
More news
Analyst Recommendations on AIRBUS SE
More recommendations
Financials
Sales 2022 58 554 M 63 563 M 63 563 M
Net income 2022 3 930 M 4 266 M 4 266 M
Net cash 2022 8 763 M 9 513 M 9 513 M
P/E ratio 2022 23,3x
Yield 2022 1,47%
Capitalization 91 837 M 99 693 M 99 693 M
EV / Sales 2022 1,42x
EV / Sales 2023 1,22x
Nbr of Employees 131 615
Free-Float 74,1%
Chart AIRBUS SE
Duration : Period :
Airbus SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBUS SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 116,62 €
Average target price 144,47 €
Spread / Average Target 23,9%
EPS Revisions
Managers and Directors
Guillaume Faury Chief Executive Officer & Director
Dominik Asam Chief Financial Officer
RenÚ Richard Obermann Chairman
Sabine Klauke Chief Technical Officer
Alberto Jose Gutierrez Moreno Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
AIRBUS SE8.94%103 352
BOEING11.65%127 125
TEXTRON INC.-0.92%15 057
DASSAULT AVIATION-0.51%14 212
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED17.38%4 058
AVICOPTER PLC-1.85%3 959