Airbus Q1 Deliveries Down by 9% After Sanctions-Related Adjustments, Sets Sights on Mid-Year Target

  • Airbus SE EADSY delivered 127 airplanes to 54 customers in the quarter, down 11% year-over-year on an industrial basis.
  • The deliveries were down 9% after accounting for Russia sanctions-related adjustments in early 2022, reported Reuters.
  • The deliveries included a two-thirds drop in handovers of the A350 to five aircraft in the quarter, mentioned the report.
  • For March 2023, gross orders were 20, and for the quarter were 156.
  • Also Read: Airbus Plans To Open New Assembly Line In China Reflecting Strong Demand By Chinese Carriers
  • Deliveries fell short of an informal target in the high 130s, paving the way for a 12-week sprint to level the trajectory by mid-year, when the company is expected to either confirm or review an annual target of 720 planes, mentioned report citing industry sources.
  • Price Action: EADSY shares traded lower by 0.29% at $34.26 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!