Capital Calls: Airbus opens the short-haul throttle - Reuters

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TAKING OFF. Airbus (AIR.PA) is back in the saddle. Shares in the European aviation giant rose 10% on Thursday after it told suppliers to brace for a production liftoff read more , particularly of its A320 short-haul workhorse. Significantly, Airbus said that in two years it wanted to be churning out 64 of those birds per month, from 40 currently, and might go as high as 75 by 2025. As a yardstick, the $103 billion firm’s pre-crisis monthly record was 60.

The punchy production call, which also fuelled gains in engine makers like General Electric (GE.N), France’s Safran (SAF.PA) and Britain’s Rolls-Royce (RR.L), piles the pressure on $141 billion rival Boeing (BA.N), whose shares also achieved liftoff. Production of its equivalent jet, the 737 MAX, was halted in 2019 after two fatal crashes. It hopes to hit 26 per month by the end of 2021 read more . On current trajectories, Airbus has a shot at being the world’s biggest plane maker. (By Ed Cropley)

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Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

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Capital Calls: Airbus opens the short-haul throttle - Reuters
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