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Investing.com -- Airbus SE (EPA:AIR) stock remained stable in today’s trading session following the release of its January Orders & Deliveries (O&D) report.
At 09:37 GMT, the stock was up by 0.1%.
The European aerospace corporation delivered 25 aircraft for the month, which aligned with market expectations of a slower start to the year. The deliveries included 3 A220, 20 A320neo, and 2 A350 aircraft, reflecting a minor deviation from forecasts with one less A220 and one additional A320neo delivered.
The company also reported gross orders of 55 aircraft and net orders of 51 after accounting for four cancellations, which included 1 A220 and 3 A320neo. The orders comprised 26 A320neo, 10 A330neo, and 19 A350 aircraft, indicating continued strong demand for widebody aircraft. Despite the small volume, which is typical for the beginning of the year, the orders were perceived as a solid performance for Airbus.
Jefferies analysts commented that the number was in line with their forecast.
"This soft start was by now well expected given the strong inventory clearing at year-end. Gross orders at 55 show a solid performance on widebodies although on small numbers as usual at the beginning of the year. The focus now is likely to remain on 2025 delivery guide, to be issued with FY24 results (20 Feb). Our 815 forecast reflects a growth predominantly driven by the A320."
Investors seem to have digested the January figures without much concern, as the delivery numbers were anticipated and suggest a consistent demand for Airbus’s widebody models.
The attention is now turning toward the company’s future guidance, particularly the 2025 delivery outlook, which is expected to be a significant factor in the company’s performance and is scheduled to be released along with the full-year 2024 results on February 20.
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