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Airbus absorbs A220s to maintain delivery target

Oct. 31, 2018 8:36 AM ETAirbus SE (EADSY) StockEADSY, EADSF, RYCEY, RYCEFBy: Yoel Minkoff, SA News Editor
  • Airbus (OTCPK:EADSY) net profit rose €957M in Q3, compared with €307M a year earlier, as sales advanced 20% to €15.5B in the July through September period.
  • That reflects buoyant demand for new jets from airlines globally. Passenger numbers are soaring, boosted by an explosion of budget carriers.
  • The French planemaker said it would also deliver around 20 fewer planes in 2018 after Rolls-Royce (OTCPK:RYCEY) admitted it would fall short on Trent 7000 engine deliveries.
  • It still targets 800 plane deliveries this year, by factoring in 18 new A220 single-aisle aircraft, formerly called Bombardier's C Series, which were previously not counted.
  • Airbus shares +3.1% in France.

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