Investors eye Airbus Q4 after flat September jet deliveries

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October 11 (Businesshala) – Airbus jetliner deliveries were flat in September compared to the previous month, prompting another end-of-year sprint to allow the European planner to reach its overall 2021 target.

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Airbus (AIR.PA) delivered 40 planes last month, bringing the total to 424 so far this year, up 24% from the same point a year ago, which was heavily marked by the COVID-19 crisis, But the nine-month mark in 2019 below 25%.

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The world’s largest planner is targeting 600 deliveries for the whole of 2021. Delivery is usually skewed towards the last quarter of the year.

“Distribution remained somewhat sluggish at August levels,” Stifel analyst Harry Breech said in a note, meaning there is an inventory build for Q3 overall, although it is yet to achieve its above-revised 2021 guidance. Well on track.”

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Airbus sold just one plane in September, a private A319neo, it said in a monthly summary. For the first nine months, it sold 270 aircraft or a total of 133 after cancellations.

Airbus is ahead of rival Boeing (BA.N) on deliveries this year, but behind its US rival on new orders.

By the end of August, Boeing had sold 683 or 280 jets after cancellations and conversions. It delivered 206 jets.

US planners are due to release September figures on Tuesday.

Reporting by Tim Heffer; Editing by Richard Pullin

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