Airbus reports falling profts as jet deliveries slow
Airbus is experiencing a decline in profits as jet deliveries slow, amid increasing competition from Boeing. Analysts note that investor sentiment towards Airbus has worsened, particularly as Boeing shows signs of recovery. Despite challenges, Airbus remains optimistic about demand for fuel-efficient aircraft due to current jet fuel shortages.
- ▪Airbus has reported falling profits as jet deliveries slow down.
- ▪Boeing is recovering from a crisis and reported a narrower-than-expected loss in the first quarter.
- ▪Airbus' CEO stated that they are not seeing cancellations or postponements from customers due to the conflict in the Middle East.
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Analysts say that investor sentiment around Airbus has turned markedly more sour since the start of the year, as its chief rival Boeing is getting back on track after a years-long crisis. Airbus has enjoyed a strong momentum over the past few years as Boeing has been battling a crisis over design and production issues for its best-selling narrowbody plane, the 737 Max. Last week, Boeing reported a narrower-than-expected loss in the first quarter, as it saw improvements across its businesses, including its key commercial aircraft unit.
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