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- Airbus announced its results for the last quarter and the first 9 months of the year.
- The company posted modest revenue growth and strong earnings growth.
- Airbus saw its backlog grow but the company's cash position worsened due to project spending.
Update: Airbus Reports Strong Growth, Not Undervalued Compared To Boeing Any LongerJonathan Weber • Sun, Nov. 16
- Airbus reported operating income growth of 14% in Q3, and EPS growth of 18% for the first nine months of 2014.
- In my original article, I had forecasted strong growth, I have been right so far.
- In my original article, I also rated Airbus attractive based on a slight undervaluation compared to its peer Boeing.
- Airbus' valuation expanded and is now higher than Boeing's. I rate Airbus a "hold" now.
- Airbus to sell 250 A320neo aircraft to Indian IndiGo airline.
- Airbus has higher order intake than its competitor Boeing.
- Airbus has an immense order backlog of about $900 billion.
- Airbus trades at a discount compared to its peer Boeing.
- Airbus' prospects are improving as evident from the sales and earnings growth reported for the first half of 2014.
- Backlog has reached a new high after the company made record number of deals at the recently held Farnborough air show.
- Airbus' re-engineered jets A320neo and A330neo are the center of attention as customers are flocking to buy them.
Heavy Metal - Airbus Vs. Boeing In The Large Aircraft Market
- There have been several new product announcements in the large aircraft market, and they are all important for the financial performance of their creators, Airbus and Boeing.
- The big twins have proven themselves, and their belly cargo capacity is an added plus.
- There should still be a place for the A380, but the B747-8I is looking increasingly exposed.
What A Big Airbus Order From China May Mean For Boeing
- The Chinese president will visit France and Germany next week.
- During this visit an order for 150 Airbus aircraft worth $20B could be announced.
- If this happens the order and the details should be analyzed thoroughly by Boeing.
- Strategically China seems to favor Airbus over Boeing.
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Thu, Nov. 20, 6:39 PM
- Boeing (NYSE:BA) says it has no plans to extend the range of its forthcoming 737 MAX 9 jetliner in response to Airbus' (OTCPK:EADSF, OTCPK:EADSY) move to offer a long-range version of its competing A321 aircraft.
- Last month, Airbus said it would add fuel tanks to the A321neo to increase its range, targeting a market niche left open by the out-of-production Boeing 757; Airbus said the plane would have ~100 nautical miles more range than the 757-200W.
Thu, Nov. 20, 4:12 AM
Tue, Nov. 18, 4:59 PM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) says it plans to deliver its first A350 jetliner around Dec. 12, with customer Qatar Airways being the first recipient.
- The newest Airbus plane, made with carbon-fiber composite fuselage and a direct competitor to Boeing's (NYSE:BA) composite 787 Dreamliner, received certification by the FAA last week after winning European safety approval in September.
- Airbus has booked 750 orders for the A350, including 549 for the A350-900 and 169 for the larger A350-1000, which is due to enter service in 2017; delivery of the first A350 had been planned for mid-2014, but program delays pushed back the schedule.
Mon, Nov. 17, 10:37 AM
- Airbus (OTCPK:EADSY -1.6%) is building a fleet of five new Beluga in-house transporter planes, which will be based on the A330 passenger plane.
- The distinctive looking lowered cockpit, the cargo bay structure and the rear-end and tail will be amongst the items which will be newly developed.
- The new aircraft will replace the current A300-based model starting in mid-2019. The existing Beluga fleet will operate in parallel, and will be progressively retired through 2025.
Mon, Nov. 17, 7:53 AM
- Airbus (OTCPK:EADSY) has filed a patent for a "doughnut shaped" aircraft cabin, FT reports. The company says the design is good at containing the stresses of pressurized cabins, but huge pressures on the cylinder’s front and rear ends will need to be managed with strong, heavy structures.
- Although the idea was worthwhile enough to protect with a patent, it is not an immediate prospect for shuttling passengers from Heathrow to JFK, says the company.
- Airbus engineers patent about 6,000 ideas every year.
Fri, Nov. 14, 6:39 AM
- Airbus (OTCPK:EADSY) reported a 14% rise in operating earnings in the three-month period to €744M, comfortably beating analysts’ expectations.
- Q3 net income dropped 41% to €264M due to negative foreign exchange revaluation, but Airbus' nine-month period net income is still up 16% to €1.4B.
- Despite a warning on possible "negative cost and risk evolution" at its A400M military transport plane program, the planemaker is sticking to its full-year guidance.
- Airbus +0.6% in France.
Wed, Nov. 12, 4:47 PM
- Airbus (OTCPK:EADSF ,OTCPK:EADSY) says it has received certification from the FAA for its new A350 jetliner, allowing it to deliver the new long-range aircraft to U.S. airlines.
- The European Aviation Safety Agency had approved the jetliner in September.
- The A350-900 version seats ~300 passengers and is designed to compete with Boeing's (NYSE:BA) larger 787 Dreamliner and 777 jets.
Tue, Nov. 11, 7:32 AM
- Airbus (OTCPK:EADSY) is aiming to double the annual value of aircraft components it sources from China to $1B by 2020, says the firm's China Chief Operating Officer, Rafael Gonzalez-Ripoll-Garzon.
- The statement comes alongside similar comments from rival Boeing (NYSE:BA), which is also seeking to ramp up China component sourcing.
- Over the next few years Boeing is looking to double the $2B worth of aircraft parts it has sourced from China in total over the last 30 years, says Kent Fisher, Boeing Commercial Airplane's vice-president and general manager of supplier management.
- Boeing also announced that it signed a deal with Aviation Industry Corporation of China to produce composite tail parts for the Boeing 777 program, beginning in 2017.
Mon, Nov. 10, 10:21 AM| Comment!
Wed, Nov. 5, 7:02 PM
- Boeing (NYSE:BA) is facing pressure to devise a replacement for its discontinued 757 jetliner, favored by U.S. carriers for trans-Atlantic flying, as American Airlines (NASDAQ:AAL) studies a new Airbus (OTCPK:EADSF, OTCPK:EADSY) model as an alternative.
- American’s interest in a long-range A321neo signals that Boeing may have to speed planning for a new 757 version, says Teal Group's Richard Aboulafia, adding that Boeing can’t afford to see airlines go to Airbus for a 757 successor with it already trailing its rival in narrow-body sales.
- AAL says the long-range version of the A321neo would have extra fuel tanks to boost its range by ~100 nautical miles past the 3,900 nautical miles of Boeing’s 757-200, and would burn ~25% less fuel than the older Boeing.
Thu, Oct. 30, 11:33 AM
- United Technologies' (UTX -0.4%) Sikorsky Aircraft unit says it is pulling out of the bidding for a $3B contract to supply helicopters to the Polish military.
- Sikorsky says it is withdrawing because it would have been impossible to deliver their Black Hawk helicopters according to the tender requirements.
- Sikorsky (OTCPK:EADSF, OTCPK:EADSY) was competing with Airbus Group and AugustaWestland, owned by Finmeccanica (OTCPK:FINMF), for a deal to supply 70 machines.
Wed, Oct. 29, 2:06 AM
- Airbus (OTCPK:EADSY) is planning to commence production at its first U.S. factory in Mobile, Alabama with the A321 jetliner instead of the A320 as originally planned, reflecting the rising demand for the larger jet.
- The first one off the line will be the A321ceo, or "current engine option" in April 2016, with "new engine option" or A321neos, to follow later.
- The A321 seats about 185 passengers in a two-class configuration but can accommodate up to 220 for economy carriers.
Wed, Oct. 22, 11:05 AM
- Airbus (OTCPK:EADSY +0.3%) is discussing plans with airlines for a new variant of its A321neo modified with extra fuel tanks to increase range for carriers.
- The new model will substitute for Boeing 757s on some trans-Atlantic routes, which has been out of production for several years.
- The extended-range A321, which would have three extra fuel tanks, would offer 100 nautical miles more than Boeing’s 757-200 variant, and have a similar seat count, with 25% lower costs per seat.
- The proposed plane would have to be certified for a higher take-off weight so it could carry the extra fuel, says company spokeswoman.
Fri, Oct. 17, 7:55 AM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) cuts its production plans for the A330 long-range jet, in the first indication aircraft makers may struggle to sustain record output levels for some of their planes as they introduce upgraded models.
- Airbus says it will reduce the build rate for the A330 to nine aircraft per month in next year's Q4, after currently building a company record 10 A330s a month.
- Sales for the A330 have slowed, as more efficient rivals, including the Boeing 787 (NYSE:BA) and Airbus's own A350 jet become available.
Wed, Oct. 15, 7:45 AM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) bags its largest-ever single order for commercial jetliners, as India’s IndiGo signs an agreement to buy 250 A320neo planes.
- The list price for each of the narrow-body planes is $102M, putting the collective list price of the order at $25.5B.
- The A320neo is a new version of the popular A320 jets that includes a new engine and other devices to cut fuel consumption; Airbus has sold more than 3,250 of the planes, beating the 2K-plus orders Boeing (NYSE:BA) has booked for its 737 Max.
Mon, Oct. 13, 10:59 AM
- Boeing (BA +0.5%) says Garuda Indonesia will buy 50 of its latest generation 737-MAX jets, worth $4.9B at list prices; the Indonesian flag carrier’s order includes the conversion of an existing order for four older-generation 737-800 jets to the MAX variant.
- The news follows Friday's announcement of an Airbus (OTCPK:EADSF ,OTCPK:EADSY) order for 70 of its A320 aircraft from China Aviation Supplies, worth $7B at list prices.
EADSY vs. ETF Alternatives
European Aeronautic Defence & Space Co (EADS) is a global aerospace, defence and related services corporation. Co.'s operations include the aircraft manufacturer Airbus, the helicopter supplier Eurocopter and the joint venture MBDA, an international supplier of missile systems. Co. is the major... More
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