Despite a slow start to the year, planemaker Airbus delivered 766 planes in 2024, close to its target of 770 planes, Bloomberg reported.
Airbus SE’s delivery of 766 aircraft in 2024 is the highest in six years. This performance was supported by the company’s customers continuing to update their fleet with more fuel-efficient aircraft such as the A321neo model.
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European aircraft giant Airbus delivered 760 planes to customers last year, 10 less than forecast, but the stock nevertheless started to rise in Paris.
Wells Fargo downgraded the aircraft manufacturer Boeing’s stock rating, and the stock, which fell nearly 8%, sank to its lowest level in two years. This year, the company’s stock has declined by nearly 33.5 percent, Reuters reported.
Despite Airbus’ downgraded forecasts, the European planemaker still looks like a better investment than its still-troubled cross-ocean rival Boeing – even if that’s not reflected in either stock’s price at first glance.
Airbus shares fell today on the Paris stock exchange following yesterday’s announcement by the tenth-largest company that 30 aircraft will not be produced this year due to a shortage of aircraft parts.
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Source: www.aripaev.ee
