Airbus SE stepped up deliveries in March to bring first-quarter figures higher than the same period last year and shares higher, Reuters reported.
- Airbus posted 39 gross orders in the first quarter, including a new deal for 20 A220s to an unidentified buyer. Net orders totaled minus 61, dominated by a Norwegian cancellation.
- First-quarter deliveries eclipsed the 122 deliveries reported in the same quarter last year after a surge in March.
- Shares rose more than 2% early on Friday.
- Analysts expect Airbus to hit its full-year target of repeating the 566 aircraft supplied in 2020 amid the COVID-19 pandemic. The planemaker is aiming for over 600 deliveries.
- Airbus produced more than it delivered in the first quarter, with over 100 jets already sitting outside factories as airlines try to save cash.