European Airbus Group has began to rebound from dips of this summer, which were located at nearly €5 (or 12%) below my reference point of January, where I bought initially a large stake in Airbus stock when rival Boeing faced its famous door plug trouble. Aurbus finished the last regular session of July with a 4.23% daily surplus to confirm a mid-term trending line and this to mark a great opportunity to buy for non-holders or to add more for current investors in Airbus like me.

From a fundamental point of view, the airplane industry is not on the rise in 2024, yet Airbus takes a lion’s share of global orders. The only real problem Airbus may have is the speed of executing, i.e. delivery is just lagging off growing demand, as the need in new airplanes is high, but production costs of investing in increasing jetliner output and pre-announced charge (€989 million) for its own navigation satellite space systems business temporarily limited marginality. As a result, markets moderately greeted Airbus quarterly achievements, even though the industry leader revealed less impressive profits a couple of days ago.

Adjusted operating profit of Airbus lost nearly half to amount to €814 million, but on higher-than-expected revenue of €15.995 billion. However, even lower version of profits managed to beat consensus bets on €699 million with revenue basis of €15.822 billion. Airbus also said it launched an expanded cost-containment plan for the wider “defence and space division”, discussing alliances with France's Thales and Italy's Leonardo to deepen existing cost measures. This may rather improve the company’s financial efficiency planning, even though no specific cost reduction target was announced.

What is most important, Airbus reaffirmed its softened goals for 2024 (770 airplane deliveries, down from 800) but emphasized that mostly the supply of materials was a key constraint.