Airbus Group (EPA:AIR) has been left having to ramp up production if it is to meet 2023’s full-year delivery targets.
According to Reuters’ industry sources, the manufacturing giant delivered 316 aircraft in the first half of the year, with 72 planes rolling off the production line in June.
Following a 14% monthly increase on May’s figures, Airbus will now need to deliver 404 jets in the second half of 2023 if a targeted 720 orders are to filled this year.
Supply issues relating among Airbus and rival The Boeing Company (NYSE:BA) have threatened to strike the aviation industry as travel recovers post-pandemic.
Airbus chief commercial officer Christian Scherer did reassure “more predictable” industrial patterns were staring to emerge last month though, hinting deliveries could well continue to grow.
UBS analysts tipped Airbus shares to fall meanwhile, laying out a price target of €105. This would mark a prospective fall of 21% on Thursday’s opening, with the bank taking a cautious stance ahead of Airbus’ July 26 interim results announcement.