Investors eye Airbus Q4 after flat September jet deliveries

A emblem of Airbus is seen on the entrance of its manufacturing unit in Blagnac close to Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier

Oct 11 (Reuters) – Airbus jetliner deliveries had been flat in September, in contrast with the earlier month, heralding one other end-year dash to permit the European planemaker to achieve its general 2021 goal.

Airbus delivered 40 plane final month to convey the full to this point this 12 months to 424 plane, up 24% from the identical level a 12 months in the past, which was closely marked by the COVID-19 disaster, however down 25% from the nine-month mark in 2019.

The world’s largest planemaker is focusing on 600 deliveries for the entire of 2021. Deliveries are usually skewed in the direction of the ultimate quarter of the 12 months.

“Deliveries remained at considerably sluggish August ranges, implying a listing construct for Q3 general, although it stays nicely on monitor to realize its upwardly-revised 2021 steering,” Stifel analyst Harry Breach mentioned in a word.

Airbus offered only one aircraft in September, a personal A319neo, it mentioned in a month-to-month abstract. For the primary 9 months, it offered 270 planes or a web complete of 133 after cancellations.

Airbus leads rival Boeing on deliveries this 12 months however lags its U.S. rival on new orders.

As much as end-August, Boeing offered 683 jets or 280 after cancellations and conversions. It delivered 206 jets.

The U.S. planemaker is because of challenge September numbers on Tuesday.

Reporting by Tim Hepher; modifying by Richard Pullin

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