Airbus delivers just shy of 300 jets in first half of the year as shares soar

Shares' prices of Airbus SE rose more than 4 per cent on Friday following a Thursday announcement that had unveiled the Leiden-based European flagship planemaker had delivered 297 aircrafts over the first of 2021

by Sourav D
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Airbus delivers just shy of 300 jets in first half of the year as shares soar

The shares’ prices of European flagship planemaker Airbus SE, the world’s largest aircraft manufacturer which had regained the aviation industry crown from US-based Boeing Co back in the 2019s, surged more than 4 per cent in pre-market trading after the Leiden, Netherlands-headquartered planemaker had reported a sharp uptick in deliveries in June as Airbus SE deliveries climbed to 297 over the first half of the year.

Aside from that, followed by an upbeat delivery figure in June that also underscored a revival in air traffics following months-long grounding due to pandemic-led ban on international and domestic travels, shares’ prices of Airbus SE wrapped up the day 3.43 per cent higher to €112.76 per share.

On top of that, latest upsurge in Airbus SE shares’ prices, which jumped as much as 25.60 per cent over the first six months of the year, followed an announcement made late on Thursday that had said the European flagship planemaker had delivered over 70 planes in June, bringing the first-half deliveries in a spitting distance of a 300-mark.

Airbus SE deliveries jump in first half of the year

In tandem, according to Airbus SE delivery data released late on Thursday, the Leiden-based aircraft maker’s deliveries soared by 52 per cent over the first six months of 2021 to a salubrious figure of 297 compared to the first half of a pandemic-hurt 2020, when the planemaker had delivered 196 carriers.

However, deliveries have still been down significantly compared to a sum of 389 carriers delivered over the first half of 2019. Meanwhile, adding that the Airbus SE would more likely to reach out its 2021 delivery target, an Agency Partners analyst Sash Tusa said in a client note, "In terms of overall deliveries, Airbus looks to be comfortably on track to at least match guidance of around the 566 aircraft (achieved) in 2020, and likely come in closer to 600”.

Airbus Europe
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