Airbus A321neo Quality Issue Delays ~20 Deliveries to Q4
EADSY sits 22% above its 52-week low of $45.01.
Summary
Airbus discovered a quality problem on some A321neo jets, pushing about 20 deliveries from Q3 into Q4. The issue is not a safety risk and some airlines are still taking affected aircraft. This shifts revenue and cash flow between quarters and adds pressure to hit annual delivery targets. Airbus said Friday its full-year targets are unchanged, implying it expects to recover the delays. Watch for monthly delivery figures and any sign the problem spreads beyond the initial batch.
At the time of this announcement, EADSY was trading at $55.09 on OTC in the Manufacturing sector, with a market capitalization of approximately $173.4B. The 52-week trading range was $45.01 to $64.35. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.