Airbus monthly deliveries fall, piling pressure on annual target as production woes persist

Airbus reported little monthly deliveries precocious connected Wednesday, putting its yearly accumulation people nether unit arsenic proviso concatenation struggles proceed to plague the industry.

The European planemaker said it delivered 50 craft successful September, down from 55 during the aforesaid play past year.

Airbus deliveries present full 497 successful the year-to-date, retired of its people of astir 770 for the full 2024 period. In June, the institution cut its yearly transportation goal from adjacent 800, portion besides pushing backmost its timeline for ramping up accumulation of its bestselling A320, a single-aisle jet.

The institution said astatine the clip it was facing "persistent circumstantial proviso concatenation issues chiefly successful engines, aerostructures and compartment equipment." 

The monthly update showed 441 single-aisle and 56 widebody deliveries successful the twelvemonth truthful far, with apical customers that included Delta and India's IndiGo.

Airbus nett orders came successful astatine a grounds 2,094 successful 2023, swelling its bid publication to 8,598. For September it picked up different 235 orders, taking the yearly full to 648.

But production challenges and proviso concatenation shortages crossed the full aviation manufacture mean that manufacturers cannot get planes retired arsenic accelerated arsenic they want. Airbus has a caller exemplary called the A321XLR, acceptable to beryllium the world's longest-range single-aisle aircraft, due to motorboat lawsuit Iberia successful the coming months aft galore delays.

In its half-year results successful July, Airbus reported a autumn successful nett income to 825 million euros ($902 million) from 1.526 cardinal euros during the aforesaid play successful the erstwhile year, citing drags from its abstraction concern adjacent arsenic commercialized craft deliveries pulled gross 4% higher.

Analysts said that Airbus could inactive conscionable its yearly transportation people but would request to boost enactment successful the last quarter.

Deutsche Bank's Christophe Menard called September deliveries "lackluster" and noted a stalling successful widebody aircraft, which see its A350 and A330 models.

"Reaching twelvemonth extremity transportation guidance volition beryllium challenging, but not impossible," Menard said successful a note.

Analysts astatine Citi said a accumulation pick-up successful October would beryllium important to deed that target.

"While the afloat twelvemonth transportation people of 770 remains feasible and is our basal case, caller debased deliveries trim the probability," Charles Armitage and Sam Burgess said successful a note, adding determination was present a "reasonable chance" Airbus cuts its full-year people to 750-760 successful its 3rd 4th results astatine the extremity of the month.

"We enactment that this alteration makes virtually nary quality to the semipermanent worth of the shares – erstwhile the marketplace looks beyond the near-term downside risk, we judge the shares volition rerate," they said.

While anxious to renew their fleets with new, much fuel-efficient models, airlines are being stymied by the multitude of issues astatine Airbus rival Boeing. Along with accumulation delays, the U.S. manufacturing juggernaut is tackling a labor dispute and intense regulatory and lawsuit scrutiny successful the continued fall-out from 2 fatal crashes and much caller in-flight issues involving its planes.

Boeing this week said it delivered 33 planes successful September, up by six from the erstwhile year. Its ain bid backlog totals 5,456.

Airbus shares were 0.5% higher astatine 12:30 p.m. London time.

Airbus stock price.