Airbus misses its 2024 delivery target

Investing.com -- Airbus SE (OTC:EADSY ), the European aircraft manufacturer, delivered approximately 760 aircraft in 2024, narrowly missing its annual target. This follows a surge in deliveries in December, which helped the company recover from a slow start to the year.

The company's delivery count in December was close to 120, as per sources familiar with the figures. They also noted that the final count may vary slightly. Airbus is scheduled to announce its official orders and deliveries for 2024 on January 9.

If the company had significantly missed its 770-unit target, it would have been required to publicly disclose this due to stock-market regulations.

The increase in deliveries in December signifies a turnaround for Airbus, which had been struggling to increase production due to supply chain bottlenecks. Initially, the company had set a target of delivering 800 aircraft in 2024 but had to reduce this goal in June due to a shortage of parts.

Airbus has not yet announced a new target for deliveries for the current year. This metric is keenly followed by investors as it provides a monthly update on the state of the commercial aviation industry. Bloomberg Intelligence analysts estimate that Airbus will deliver 869 aircraft in 2025.

Airbus has a backlog of thousands of aircraft, ensuring continuous work for several years. Airlines are eager to acquire the latest fuel-efficient models such as the A320neo and the larger A350 widebody.

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Source: Investing.com