Airbus shares surged more than 2% early on Friday following a jump in deliveries, mainly in China and the US in March, according to Reuters. The company reported slightly higher deliveries for the first quarter and posted 39 gross orders, including a new deal for 20 A220s.
Airbus’s new orders, adjusted for cancellations, remained in the negative territory for the first quarter, with a total of minus 61 net orders.
The planemaker is poised to match or surpass the 122 deliveries seen in the first quarter of last year, following the deliveries surge.
Analysts say the surge in March deliveries put Airbus on course to hit its full-year target of repeating the 566 aircraft supplied in 2020.
Airbus aims for more than 600 deliveries even as Chinese airlines or lessors emerged as buyers of single-aisle aircraft.
Analysts turn attention to production plans for the rest of the year amid concerns over the third pandemic wave in Europe and depressed long-range travel.
Airbus stock is currently gaining. AIR: EPA is up 1.69%.
