Airbus Q1 Deliveries Down by 9% After Sanctions-Related Adjustments, Sets Sights on Mid-Year Target

Airbus SE EADSY delivered 127 airplanes to 54 customers in the quarter, down 11% year-over-year on an industrial basis.
The deliveries were down 9% after accounting for Russia sanctions-related adjustments in early 2022, reported Reuters.
The deliveries included a two-thirds drop in handovers of the A350 to five aircraft in the quarter, mentioned the report.
For March 2023, gross orders were 20, and for the quarter were 156.
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Deliveries fell short of an informal target in the high 130s, paving the way for a 12-week sprint to level the trajectory by mid-year, when the company is expected to either confirm or review an annual target of 720 planes, mentioned report citing industry sources.
Price Action: EADSY shares traded lower by 0.29% at $34.26 on the last check Tuesday.