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Wizz Air Holdings Plc has reported a reduction in aircraft groundings due to engine issues, with the number of idled jets decreasing to 41 as of September 30, six months ahead of the airline's initial forecast. This marks a decline from 46 grounded aircraft at the end of June, indicating progress in addressing the problems that have impacted profitability and growth.
UBS maintains a Neutral rating on Airbus, with a target price of €140, expressing concerns over delivery rates while remaining optimistic about margins and pricing. For 2024, Airbus aims to deliver 770 commercial aircraft, targeting an adjusted EBIT of €5.5 billion and free cash flow of €3.5 billion. As of September 2024, the company has completed 497 deliveries and received 235 gross orders.
UBS maintains a Neutral rating on Airbus, with a target price of €140, expressing concerns over delivery growth but optimism regarding margins and pricing. For 2024, Airbus aims to deliver 770 commercial aircraft, with an adjusted EBIT of approximately €5.5 billion and free cash flow of around €3.5 billion. As of September 2024, the company has completed 497 deliveries and received 235 gross orders.
Airbus SE ranks as the leading aerospace and defense company in Europe and the second globally, with 71.8% of sales from commercial aircraft, 17.4% from defense and aerospace systems, and 10.8% from civil and military helicopters. Geographically, sales are distributed as follows: Europe (39.3%), Asia-Pacific (28.6%), North America (21.1%), Middle East (6%), Latin America (2.7%), and others (2.3%).
UBS has maintained a 'Neutral' rating on Airbus with a target price of 140 euros, citing ongoing supply chain issues that may hinder the aircraft manufacturer's ability to meet its annual delivery goals. Analyst Ian Douglas-Pennant also suggests that investor expectations for future margins are overly optimistic.
UBS has maintained a 'Neutral' rating on Airbus with a target price of 140 euros, citing ongoing supply chain issues that may hinder the aircraft manufacturer's ability to meet its annual delivery goals. Analyst Ian Douglas-Pennant also suggests that investor expectations for future margins are overly optimistic.
Voyager Space has appointed Matt Magaña, a veteran from the defense industry, as executive vice president of its national security business. The company aims to leverage its technologies and partnerships to support defense programs, focusing on areas like missile propulsion and advanced navigation. Voyager is also exploring AI applications for national security, collaborating with Palantir Technologies on potential solutions.
Emirates is facing significant disruptions to its growth plans due to aircraft delays from Boeing and Airbus. The airline's Chief Commercial Officer, Adnan Kazim, highlighted that the costs incurred from these setbacks far exceed the compensation received from the manufacturers, impacting both expansion and maintenance efforts.
UBS AG maintains a "Neutral" rating for Airbus SE, setting a target price of 140 euros, despite better-than-expected margins reported by the company. The stock rose 1.4% to 141.72 EUR in XETRA trading, indicating a downside potential of 1.21% relative to the target. Trading volume reached 150,258 shares, with a 2.9% increase since the start of 2024.
UBS has maintained a "Neutral" rating for Airbus, setting a price target of 140 euros. Analyst Ian Douglas-Pennant noted that the company's margin exceeded expectations following the quarterly report, although comments regarding the supply chain were less favorable.
Airbus SE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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