Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Access the Market Tools Trusted by Thousands of Investors Get Started
Airbus seeing more predictable industrial rhythm after delays
Published Jun 04, 2023 05:44AM ET
Updated Jun 04, 2023 06:00AM ET
© Reuters. FILE PHOTO: A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier/File Photo
ISTANBUL (Reuters) - European planemaker Airbus is seeing a more predictable pattern in its industrial activities and what appears to be the start of a more positive trend in deliveries, Chief Commercial Officer Christian Scherer said.
"The trend seems to want to be positive. We are seeing a steady increase in our ability to fly planes as they come out of the assembly line," he told Reuters, adding that Airbus was fully focused on operations following recent supply chain disruption.
"The industrial rhythm seems to be a little more predictable," he said on the sidelines of an airlines meeting.
Reuters reported on Thursday that Airbus deliveries for May were on course to top 60 aircraft, up around 30% from the same month last year and bringing deliveries so far this year to more than 220 aircraft.
Airbus is targeting 720 deliveries for the full year, implying a sharp acceleration in deliveries after the summer. It is due to publish May data on June 7.
Scherer said the recent difficulties went beyond manufacturers and lay deep within the supply chain, having been exacerbated by the "brutal" industrial halt when the pandemic spread in 2020, followed by an equally abrupt snapback in demand.
"Restarting a complex (industrial) engine obviously puts pressure on its weakest part and the weakest part is not the manufacturer," he added.
"The pulse was not the same pulse across the supply chain but there seems to be more harmony now," he added.
Airbus and rival Boeing (NYSE:BA) have blamed faltering supply chains for recent delays in jet deliveries, with airlines and leasing companies complaining of erratic changes in schedules.
Supply chains are expected to be one of the main topics at a June 4-6 meeting of the International Air Transport Association.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.