(Bloomberg) Airlines are planning for the same number of business-class travelers as before the pandemic struck, according to the boss of Airbus SE, suggesting the human touch is here to stay in global trade.
(Bloomberg) Airbus SE maintained a brisk pace of jet deliveries in May, handing over more jets to customers than in the previous month, according to people familiar with the matter.
Web of Suppliers
The Airbus announcement will give makers of parts ranging from engines to seats and avionics time to invest and be ready when demand returns.
Airbusâs comments are aimed partly at stress-testing its vast web of suppliers to ensure they can meet higher targets, while signaling to customers that it can comply with delivery requirements and wonât be open to order deferrals or cancellations, said Agency Partners analyst Sash Tusa.
Airbus and Boeing count on thousands of manufacturers who contribute to making commercial jetliners that can cost $100 million or more.
âThe message to our supplier community provides visibility to the entire industrial ecosystem to secure the necessary capabilities and be ready when market conditions call for it,â Airbus Chief Executive Officer Guillaume Faury said in the statement.
DGAP-Adhoc: Airbus SE: Airbus reports First Quarter (Q1) 2021 results
Airbus SE: Airbus reports First Quarter (Q1) 2021 results
29-Apr-2021 / 06:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc release, 29 April 2021
Airbus reports First Quarter (Q1) 2021 results
- 125 commercial aircraft delivered in a market environment that remains uncertain
- Strong focus on cost and cash containment; progress on restructuring
- Revenues € 10.5 billion; EBIT Adjusted € 0.7 billion
- EBIT (reported) € 0.5 billion; EPS (reported) € 0.46
- Free cash flow before M&A and customer financing € 1.2 billion, including positive phasing impact
Provided by Dow Jones By Olivia Bugault The company confirmed its cautious guidance for the full year Airbus will continue to ramp up production despite warning of possible delays in order recovery Airbus SE said Thursday that it swung to a net profit in its first quarter and confirmed its guidance for 2021 but warned that the market recovery will be slower in some regions. The path to recovery will not be linear, Airbus Chief Executive Officer Guillaume Faury said during a conference call. While some regions are showing encouraging signs of domestic air traffic recovery, others have maintained or even reinforced restrictions, Mr. Faury said, citing Europe as an example. India, where the number of Covid-19 cases have dramatically increased, is also another concern, he said.