Airbus Lowers Delivery Targets Due to Slew of Issues

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Airbus has lowered its delivery target for the year due to supply and worker shortages, as well as a quality issue with aircraft panels, aiming to deliver 790 aircraft instead of the original 820.

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Market impact analysis based on bearish sentiment with 76% confidence.

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76%

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Airbus has lowered its delivery target for the year due to supply and worker shortages and a quality issue with aircraft panels from a Spanish supplier. It is also updating software on 6,000 A320 jets. The company now aims to hand over about 790 aircraft, 30 fewer than its original goal. These setbacks have hurt the stock too. Bloomberg's Benedikt Kammel reports. (Source: Bloomberg)

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