Airbus has revised its 2024 guidance due to persistent supply chain issues, particularly affecting engine supplies. The company now targets 770 aircraft deliveries, down from the previous goal of 800. Additionally, Airbus has adjusted its EBIT target to around €5.5 billion and will book charges of approximately €900 million in the first half of 2024. The supply chain disruptions have significantly impacted Airbus's production plans, leading to a delay in reaching the production target of 75 narrow-body airplanes. The company has also taken a hefty $965 million charge for its space activities. Airbus cited technical challenges and now expects free cash flow of around €3.5 billion. Following the announcement, Airbus shares dropped by 9.6%, contributing to a 4.4% decline in the STOXX Europe Aerospace and Defense Index.
Airbus softened key industrial and financial targets and took a hefty $965 million charge for its troubled space activities as Europe's largest aerospace group sought a clean slate approach to supply disruptions and commercial risks https://t.co/Z78Mhuda28 https://t.co/vBjuG40BAy
European shares decline, Airbus drags aerospace sector https://t.co/HIwUkJhRic . . . #Europeanshares| #European | #markets | #Airbusshares | #aerospacesector | #STOXXEurope | #SROXX600 | #republicbuisness | #RepublicTV | #RepublicTVLive https://t.co/CtHBWkHXAu
European shares fall as Airbus hammers aerospace shares, tech slips https://t.co/raL8pOZbFf https://t.co/Xg4wpxN5yW
Airbus slumps after planemaker cuts delivery outlook and books steep Space charge https://t.co/2MuZNM3W1Z https://t.co/Lk6BH7XMDp
#Airbus shares fall 9% as company cuts 2024 guidance on targets, deliveries
#Airbus has reduced its earnings forecasts and aircraft-delivery targets for 2024 as supply chain issues continue to bite and announced new charges totaling around $966 million. https://t.co/Uao3BeKzWK
#Airbus shares drop 10% after cutting guidance, warns of fewer deliveries
Airbus shares drop 10% as plane maker cuts guidance and forecasts fewer deliveries https://t.co/ZIvDfigUtp
Airbus shares drop 10% after cutting guidance, warns of fewer deliveries https://t.co/57TEmkbbnQ
Airbus $AIR profit warning Space: €0.9bn charges after review Commercial: "persistent specific supply chain issues" To meet 75/month A320 target in '27 (was '26) 2024 guide 770 Comm. deliveries in 2024 (was 800) EBIT ~€5.5bn (was €6.5-7.0bn) FCF ~€3.5bn (was €4.0bn) $RTX https://t.co/95ExpIdveW
Airbus Sheds More Than $10 Billion in Market Value After Slashing Guidance Over Supply-Chain Snags, Space Impairment https://t.co/DcHHEsd2bM
Airbus shares tumble as plane maker cuts profit forecast https://t.co/CC3nBQiqdu
Airbus shares fall 9% as company cuts 2024 guidance on targets, deliveries https://t.co/sTJ2Dzwk8B
⚠️ STOXX EUROPE AEROSPACE AND DEFENSE INDEX DOWN 4.4%, SET FOR BIGGEST ONE-DAY DROP SINCE JULY 2022
AIRBUS SHARES DROP 9.6% AFTER GUIDANCE LOWERED ON SUPPLY SNAGS
Airbus cuts key targets and takes hefty Space charge https://t.co/b4X7cP6HFp https://t.co/mYVoq2jbJA
$GE is still at 40x 2024 EPS. Airbus specifically calling out “supply chain issues” in engines, as it cut guidance. https://t.co/oE2WlAYHZ9
Airbus down 6.2% on lower production guidance $EADSY $BA https://t.co/GY2je5FJAq
Airbus shares plunge >5% in AH after Airbus cuts its guidance for 2024 due to ongoing supply chain headwinds. But over the past 10yrs, Airbus is still miles ahead of Boeing. https://t.co/L4RzLZ4QSk
Airbus cutting production as engine situation has significantly degraded recently - Company facing supply chain issues - Sees 770 commercial aircraft deliveries vs 800 previously - Company will see charges of EUR 0.9 billion $BA $EADSY
$EADSY $BA - Airbus to Miss Plane-Delivery Annual Goals, Citing Technical Challenges https://t.co/AU55Y8Tgaj via @WSJ
Airbus is facing persistent supply chain issues, leading to a revised forecast for 2024. [cc: $BA] The company now expects to deliver 770 commercial aircraft, down from the previous target of 800. Airbus will also book charges of about €900M due to challenges in its…
Airbus to Miss Plane-Delivery Annual Goals, Citing Technical Challenges https://t.co/Y2ojWyo4Xs
AIRBUS CEO SAYS ENGINE SUPPLY SITUATION HAS SIGNIFICANTLY DEGRADED OVER THE LAST MONTHS
AIRBUS CEO SAYS SUPPLY SITUATION FOR ENGINES FOR A320 FAMILY FROM BOTH SUPPLIERS HAS DETERIORATED, AIRBUS WOULD HAVE HAD TO START BUILDING JETS WITHOUT ENGINES BY END-MONTH WITHOUT ADJUSTING GUIDANCE
Airbus cut its annual aircraft delivery target to 770 units from a previous goal of 800 jets, citing persistent supply chain issues https://t.co/idEjMk7USX
BREAKING: Airbus cuts 2024 aircraft deliver target, books 900-mn-euro charge READ: https://t.co/obD9rShnSU https://t.co/2fNrNl1x9p
🔵 AIRBUS CUTS DELIVERY TARGET AND DELAYS PRODUCTION GOAL Airbus on Monday lowered its 2024 total delivery target to around 770 airplanes from around 800 and pushed back its target of reaching production of 75 narrow-body airplanes. Full Story via Reuters on PiQ Suite - Link…
"In commercial aircraft, Airbus is facing persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment." https://t.co/AOo9VGhT88
$AIR.FR Updating FY24 guidance (Airbus SE ) (More at https://t.co/1Ub1wqPw6Q)
Airbus provides 2024 guidance update https://t.co/EKYkS39IqU
AIRBUS FACING PERSISTENT SPECIFIC SUPPLY CHAIN ISSUES AIRBUS SEES 770 DELIVERIES IN FY24 DOWN FROM 800 PREVIOUSLY - Bloomberg
Airbus Cuts Its Delivery Guidance For FY 24, Targets Adj EBIT Of Around EUR5.5 Bln - Sees 770 Deliveries Vs 800 Previously
*AIRBUS FACING PERSISTENT SPECIFIC SUPPLY CHAIN ISSUES *AIRBUS SEES FY 770 COMMERCIAL AIRCRAFT DELIVERIES *AIRBUS SEES 770 DELIVERIES VS 800 PREVIOUSLY *AIRBUS TO CHARGES OF AROUND € 0.9BN IN H1 2024 ACCOUNTS *AIRBUS NOW TARGETS TO ACHIEVE EBIT ADJUSTED OF AROUND €5.5B *AIRBUS…
Reminder, fly Airbus only. https://t.co/X3URwgZXLI