Navigating The Skies: Airbus' Q1 Deliveries Reportedly Surge 12%

Author: Shivani Kumaresan | April 03, 2024 10:29am

Airbus SE (OTC:EADSY) reportedly saw a notable uptick in aircraft deliveries during the first quarter, with a 12% increase to 142 aircraft.

This development marked a recovery, bringing deliveries back to the level observed in the initial quarter of 2022, following a sluggish start in 2023, Reuters reported.

However, the reported deliveries fell short of Airbus’s initial expectations for the quarter by approximately half a dozen planes.

Despite not disclosing quarterly delivery targets, Airbus aims for a total of 800 deliveries in 2024, highlighting its commitment to meeting market demands.

The report added that challenges persist in the delivery process, with delays in wide-body jet deliveries attributed to seat shortages.

Additionally, customers of the narrow-body A321 have been notified of delivery delays. Despite these hurdles, Airbus maintains its status as a primary supplier of narrow-body jets, particularly following regulatory constraints on Boeing Co‘s (NYSE:BA) production after a door-plug blowout incident.

Airbus is scheduled to provide a comprehensive delivery update on April 9, offering insights into its ongoing operational performance and strategies moving forward.

Also Read: Boeing’s Struggles Cast Shadows Across The Skies, Airbus CEO Reportedly Voices Concern

Price Action: EADSY shares traded higher by 0.20% at $45.16 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Posted In: BA EADSY