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Airbus shares fall 1% after lower Oct deliveries -Breaking

© Reuters. FILE PHOTO: The brand of Airbus is seen on a constructing in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe

PARIS (Reuters) – Airbus shares slipped on Friday after the planemaker reported that October deliveries have been down 10% from the earlier month.

Airbus delivered 36 planes in October, down from 40 in every of the 2 earlier months and a month-to-month peak of 77 in June.

For the yr up to now, Airbus has delivered 460 planes, leaving 140 to ship to achieve an year-end goal of 600.

Shares within the France-based firm fell 1% in opposition to a barely firmer market.

Airbus additionally bought 22 planes in October, together with a beforehand reported order from Jet2 for 15 jets.

To date this yr it has bought 292 planes, making for a internet complete of 125 after cancellations.

Airbus stays forward of Boeing (NYSE:) on deliveries however trails its U.S. rival on new orders this yr.

For the primary 9 months of the yr, the most recent interval for which information is on the market, Boeing delivered 241 jets and bought 710, which drops to 302 after cancellations and different changes.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.