Airbus Stock Price Fluctuates Amid Reports of Potential China Deal

Airbus, the world’s largest aircraft manufacturer, has experienced fluctuations in its stock price over the past few days. The company’s shares initially increased following reports that China was considering a large order of hundreds of Airbus aircraft. Estimates suggested a potential deal could be worth between 200 and 500 planes.

However, the stock price has since corrected, with Airbus shares declining by approximately 2% on Thursday. This decline is attributed to a more cautious outlook from Citigroup, which has reduced its price target for the company.

Analyst Outlook

Despite the recent decline, analysts remain optimistic about the long-term prospects for Airbus. Some analysts expect the stock price to recover in due course.

Deliveries

In terms of deliveries, Airbus reported a decrease in the number of aircraft handed over to customers in May. The company delivered 51 passenger jets in May, compared to 56 in April and 71 in March.

Key Statistics

• Airbus shares declined by approximately 2% on Thursday
• Citigroup reduced its price target for the company
• Airbus delivered 51 passenger jets in May
• Deliveries decreased from 56 in April and 71 in March