Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Airbus Group    AIR   NL0000235190

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

EADS : Lower Airbus A380 Production Would Push Back Break-even Point -Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/30/2013 | 12:54pm CET

To reach break-even on the Airbus A380 program by 2015 as planned would prove more difficult if the aircraft production rate doesn't rise to an annual rate of 30 aircraft from 25 at present, Chief Executive Fabrice Bregier is quoted as saying in Wednesday's edition of Les Echos.

Airbus has so far this year booked no firm orders for the A380, although it has set itself a target for 25 firm orders. Mr. Bregier said his sales staff hasn't ruled out achieving this target. Airbus has signed a non-binding memorandum of understanding with Doric Lease Corp. for 20 of the jumbo jets, but the order hasn't yet been firmed up.

Airbus still has some delivery slots open in 2015. Mr. Bregier said Airbus has no intention to reduce its annual production rate below 25 because of the reduced order intake for the planes that cost more than $400 million each. "The question is whether or not we can increase it to 30 on a lasting basis," he said.

The target for the program to reach break-even by 2015 was based on the assumption of a production rate of 30 a year. "At a rate of 25 a year, this objective would be more difficult to reach, but only marginally," Mr. Bregier said. He added that Airbus is working with Doric to try to convince airlines to adopt the 525-seat A380.

Mr. Bregier reaffirmed that Airbus's parent company European Aeronautic Defence & Space Co. (EAD.FR) is on track to reach a 10% operating margin by 2015 provided there are no difficulties in the industrial ramp-up of the wide-bodied Airbus A350 airliner, which is undergoing flight testing prior to entry into service one year from now.

Newspaper website: www.lesechos.fr

Write to David Pearson at david.pearson@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AIRBUS GROUP
11/30 BOEING : Airbus to fire 1,100 workers amid losses, Iran dilemma
11/30 AIRBUS : UWE Bristol Awards Honorary Degree to Airbus' Tom Williams CBE
11/29 AIRBUS : Plane maker Airbus plans 1,100 job cuts as it consolidates
11/29DJAirbus to Cut More Than 1,100 Jobs
11/29 AIRBUS : Planemaker Airbus plans 1,100 job cuts as it consolidates
11/29 AIRBUS : WTO delivers knockout blow to Boeing's record-breaking subsidies with h..
11/28 AIRBUS : Boeing confident WTO subsidy ruling will be reversed
11/28 Airbus calls for global pact on aircraft aid after WTO ruling
11/28DJBoeing Faces WTO Sanctions
11/27DJBOEING : Faces WTO Sanctions
More news
Sector news : Aerospace & Defense - NEC
02:01aDJUNITED TECHNOLOGIES : State, Local Officials See Pluses, Minuses of Trump's Carr..
01:20aDJUNITED TECHNOLOGIES : Donald Trump Had Investments in Carrier Corp.'s Parent
12/02DJCEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico Despite Tru..
12/02DJCEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico Despite Tru..
12/02DJFORD MOTOR : CEO Mark Fields Says Ford Still Moving Small-Car Output to Mexico D..
More sector news : Aerospace & Defense - NEC
News from SeekingAlpha
12/01 BOEING AND AIRBUS : The Order Battle In October 2016
11/30 BLOOMBERG : United Continental plans to review $12.4B Airbus jet order
11/30 Layoffs To End November
11/28 Boeing declares victory in WTO subsidy ruling but eyes appeal
11/25 A Look At Airbus's Commercial Orders And Deliveries In October 2016
Advertisement
Financials (€)
Sales 2016 64 822 M
EBIT 2016 3 702 M
Net income 2016 2 463 M
Finance 2016 5 153 M
Yield 2016 2,23%
P/E ratio 2016 19,23
P/E ratio 2017 16,60
EV / Sales 2016 0,64x
EV / Sales 2017 0,62x
Capitalization 46 409 M
More Financials
Chart AIRBUS GROUP
Duration : Period :
Airbus Group Technical Analysis Chart | AIR | NL0000235190 | 4-Traders
Full-screen chart
Technical analysis trends AIRBUS GROUP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 64,0 €
Spread / Average Target 6,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Thomas Enders Chief Executive Officer & Executive Director
Denis Ranque Chairman
Thomas Williams Chief Operating Officer
Harald Wilhelm Chief Financial Officer
Paul Eremenko Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AIRBUS GROUP-3.15%49 562
UNITED TECHNOLOGIES CO..12.13%88 500
LOCKHEED MARTIN CORPOR..22.68%78 049
GENERAL DYNAMICS CORPO..27.66%53 717
NORTHROP GRUMMAN CORPO..32.22%43 902
RAYTHEON COMPANY20.08%43 824
More Results