Airbus Group SE (DE:AIR) has reportedly delivered around 760 aircraft in 2024, falling just short of its annual mark of 770. According to Bloomberg, if the company had fallen far short of its 770-unit target, stock market rules would have required it to officially announce the shortfall. The company will release its delivery numbers for 2024 on January 9.
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Airbus Group is a leading European aircraft manufacturer, catering to the commercial, defense, and space sectors.
Airbus Shows Signs of Recovery After a Tough Year
Bloomberg further stated that 2024 marked a slow year for the aerospace giant. However, a surge in deliveries in December signals a recovery. In December 2024, Airbus delivered about 120 aircraft, up from 84 in November.
Airbus had faced challenges in boosting production because of supply chain issues. Despite strong demand for its aircraft driven by the ongoing recovery in air travel, Airbus is struggling to meet this demand. The company is facing labor and parts shortages, which are affecting its production of passenger jets. As a result, the company lowered its 2024 target to 770 in June, down from its previous goal of 800 aircraft.
Analysts Remain Bullish on Airbus Stock
Earlier this week, analysts from Jefferies and Morgan Stanley confirmed their Buy ratings on Airbus stock.
Analyst Ross Law of Morgan Stanley believes that delivering 760 aircraft in 2024 not only lowers the delivery risk but also lays a strong foundation for the future, with expectations for higher deliveries in 2025. Law further stated that the strong performance in December, particularly with nearly 200 A320 deliveries in the last quarter, shows that Airbus can improve its product offerings and financial results.
Is Airbus Stock a Good Buy?
Based on a total of 13 recommendations, AIR stock has received a Moderate Buy rating on TipRanks. It includes 10 Buy, two Hold, and one Sell recommendations. The Airbus share price target is €160.82, which is almost similar to the current share price.
