Airbus: RBC still a buyer after deliveries

(CercleFinance.com) - On Friday RBC renewed its 'outperform' rating on Airbus shares, along with its E160 target price, after the aircraft manufacturer last night announced that it will have delivered 766 commercial aircraft in FY 2024.


In a research note, the Canadian broker refers to "positive news" for the European aerospace group's Q4 results, above the consensus of just 755 deliveries.

However, this figure falls short of Airbus' latest target of 770 aircraft, which was reduced from an initial target of 800 units announced at the beginning of the year.

For 2025, the market is anticipating 820 aircraft deliveries, RBC says, which nevertheless believes that Airbus' performance will remain dependent on the supply constraints that are penalizing the sector, and notably on the successful reception of the LEAP engines designed by Safran.

We believe that setting prudent targets will be important if the group is to exceed forecasts and raise its targets in 2025, the professional concludes.


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