Airbus shares hardly changed: Airbus delivered fewer aircraft in July – but more than 400 new orders give cause for optimism

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The DAX group handed over 46 commercial jets to its customers in the past month after 60 in June, as announced on Monday evening in Toulouse. Because suppliers can hardly keep up with their deliveries, Airbus boss Guillaume Faury cut his plans for 2022 at the end of July and only expects 700 deliveries instead of 720. Meanwhile, the manufacturer won orders for 401 new machines in July, with nearly 300 machines going to China. In return, Airbus recorded cancellations of four jets.

The order book still includes a remaining order from the Arab airline Qatar Airways for 19 A350 wide-body aircraft. According to industry circles, the manufacturer has now terminated the contract with its major customer after months of public disputes about damage to the surface of several machines in the series.

Qatar Airways sued the world’s largest aircraft manufacturer in London in December for damages and publicly described this as a safety problem. However, Airbus and the European aviation authority Easa saw things differently. The manufacturer offered to repair the damage at its own expense, but Qatar Airways declined.

Airbus shares are temporarily down 0.06 percent in XETRA trading at EUR 106.06.

TOULOUSE (dpa-AFX)

Image sources: Airbus, Airbus Group