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Airbus deliveries reach monthly high in September but sales stay subdued

October 10, 2020

So far this year, Airbus has sold 379 planes or a net total of 300 after cancellations. Photo: Getty

Airbus (AIR.PA) reached the highest number of monthly deliveries in September, although order activity remained quiet as COVID-19 continues to hammer the aviation sector.

It delivered 57 jets in September this year, up from 39 in August and exceeding the 55 achieved in February 2020, just before the onset of the airline crisis.

The European planemaker made 341 deliveries over the last nine months including 18 A220s, 282 A320 Family, 9 A330s and 32 A350s. This figure was down 40% from the 571 deliveries the same period last year, with the fall in output triggered by the pandemic.

A significant number of planes were delivered from a parked backlog. Its backlog stands at 7,441 aircraft compared to 7,133 at the same point in 2019.

The only order change registered was the

Airbus ramps up deliveries in September, seen targeting 500 jets in 2020

October 9, 2020

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By Tim Hepher

PARIS, Oct 9 (Reuters) – Airbus AIR.PA reached the highest number of monthly deliveries of passenger planes so far this year in September, but logged no new sales as crisis-hit airlines continue to bleed cash.

The European planemaker delivered 57 jets in September, up from 39 in August, bringing nine-month deliveries to 341, down 40% from the same period of 2019, company data showed on Friday.

The drop matches a 40% output fall triggered by the coronavirus crisis, with Airbus deciding last month to maintain the new rates unchanged. A significant number of jets were delivered from a parked backlog.

Airbus axed guidance at the outset of the pandemic but is internally targeting around 500 deliveries in 2020 and is three quarters of the way towards its goal, industry sources said.

It delivered a record annual total of 863 jets in 2019.

Jet markets are moribund

Honeywell Cuts Business Jet Deliveries Outlook as Pandemic Hits Aviation | Investing News

October 8, 2020

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MONTREAL (Reuters) – Honeywell Aerospace

on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.

Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year ago.

Yet 80% of business jet operators surveyed in the outlook say their aircraft purchase plans have not been affected by COVID-19, it said.

Corporate planemakers like Canada’s Bombardier Inc

, U.S.-based General Dynamics Corp’s

Gulfstream Aerospace, and France’s Dassault Aviation SA

are closely watching to see if a summer rebound in corporate flights will last and generate demand for new aircraft.

“We are seeing corporate customers expressing interest in growing their fleets so they can fly more executives and others privately, to safeguard

Xpeng’s Deliveries Jumped. Now the EV Stock Is Soaring.

October 6, 2020

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News from the Chinese electric-car maker

Xpeng

that its vehicle deliveries in the third quarter were up 266% year over year pushed the stock higher. That isn’t the only factor behind the gain.

Xpeng (ticker: XPEV) shares picked up their second Buy rating Monday morning, this time from Bin Wang, a Hong Kong-based analyst at Credit Suisse. He now rates shares the equivalent of Buy and has a $21 price target for the stock.

J.P. Morgan analyst Nick Lai also rates Xpeng shares Buy. His price target is $27 a share. Shares climbed 10.2% to $20.04 on Monday.

In addition to his positive call on Xpeng, Wang also rates

NIO

(NIO) shares at Buy and has a $25 price target. He rates

Li Auto

(LI) stock Hold, with a $16 price target for that security. Xpeng, NIO, and Li Auto are three pure-play EV start-ups selling

Boeing forecasts 11% fewer jet deliveries over next 10 years because of coronavirus impact

October 6, 2020

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Boeing projects that the global coronavirus pandemic will result in 11% fewer new jets being delivered in the next decade compared to previous forecasts.

That’s about 2,200 fewer large aircraft built by all manufacturers, or 220 fewer per year on average. Those are mostly projected to be Airbus and Boeing jets but also include smaller regional jets and some built by up-and-coming competition in China.

The projection, part of Boeing’s annual 20-year forecast of total commercial jet industry demand, indicates the severity of the downturn in the aviation business, the challenges still ahead and a painfully slow path to recovery.

Boeing’s forecast, released Tuesday, assumes that the pandemic’s impact will hit hardest through the next three years.

Briefing journalists on the projections, Darren Hulst, vice president of commercial marketing at Boeing, said it will take that long for passenger traffic to recover to 2019 levels.

And he said it will