Airbus shares are likely to continue their latest attempt at recovery on Monday following a report that the delivery target that was capped around a month ago was reached.
The shares listed in the DAX temporarily rose by 1.86 percent to 207.70 euros on Monday compared to the XETRA close, after gaining almost three percent in the main business on Friday.
As the Bloomberg news agency reported at the weekend, citing people familiar with the matter, the aircraft manufacturer handed over 793 aircraft to customers last year, slightly more than previously planned. At the beginning of December, CEO Guillaume Faury cut the target from 820 to 790 machines due to defects in fuselage parts.
After a record high of almost 217 euros in October, Airbus shares fell back at the end of the year, also because of defects in a supplier’s fuselage parts, which meant that Airbus had to inspect many aircraft. Stocks have been recovering since mid-December.
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