La vendita allo scoperto per Airbus dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Airbus. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Airbus (OTC:EADSY) Azioni, Report sulle vendite allo scoperto

EUROPEAN AERONAUTIC

Airbus

Airbus is a global aerospace and defense firm that designs, develops, and manufactures commercial and military aircraft, as well as space launch vehicles and satellites. The company operates three divisions: commercial, defense and space, and helicopters. Commercial offers aircraft ranging from narrow-body (120-200 seats) A220 and A320 series to much larger A330 and A350 wide body models. The defense and space segment supplies governments with military hardware, including transport aircraft, aerial tankers, and fighter aircraft (Eurofighter). The helicopter division manufactures turbine helicopters for the civil and public markets.

Airbus SE

For September 2024, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) reported 50 deliveries and 235 gross orders, including 85 from an undisclosed buyer.
According to sources cited by <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-10/air-india-said-to-be-carrier-behind-mystery-85-jet-airbus-order?srnd=homepage-asia" rel="noreferrer noopener">Bloomberg</a>, Airbus received an order for 85 planes from Air India Ltd., which consisted of 75 A320neo single-aisle aircraft and 10 A350 wide-body jets, as mentioned by the source.
As of 2024, Airbus has delivered 497 aircraft, with 667 gross orders and 648 net orders recorded from <a target="_blank" href="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries" rel="noreferrer noopener">January to September</a>. Additionally, the company delivered 36 A350 aircraft during this period.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257193/boeings-october-deliveries-expected-to-plummet-amid-strike-challenges-analyst" rel="noreferrer noopener">Boeing&#8217;s October Deliveries Expected To Plummet Amid Strike Challenges: Analyst</a>
In February 2023, Air India announced the <a target="_blank" href="https://www.airbus.com/en/newsroom/press-releases/2023-02-tata-owned-air-india-to-acquire-250-airbus-aircraft" rel="noreferrer noopener">purchase of 470 aircraft</a>, including 250 from Airbus, marking the largest commercial aviation deal then. The order included 140 A320neo, 70 A321neo single-aisle aircraft, 34 A350-1000, and six A350-900 wide-body jets.
Tata Group-owned Air India is in the middle of a merger. Renowned philanthropist and former chairman of Tata Group Ratan Tata <a target="_blank" href="https://in.benzinga.com/news/24/10/41264410/narendra-modi-gautam-adani-rahul-gandhi-pay-tribute-to-late-ratan-tata" rel="noreferrer noopener">passed away at the age of 86 </a>on Oct. 9.
Price Action: EADSY shares closed 0.52% higher at $34.86 on Wednesday.
Image by VanderWolf via Shutterstock

News

Media

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus Announces 85 New Orders, Pointers Show Air India Is Purchaser: Report

<a href="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries" title="https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries">https://www.airbus.com/en/products-services/commercial-aircraft/orders-and-deliveries</a>

Airbus Reports 50 Deliveries And 235 Gross Orders In September; 2024 Deliveries To Date Total 497; 667 Gross Aircraft Orders And 648 Net Orders Booked From January To September; 36 A350 Aircraft Delivered In Same Period

Deutsche Bank analyst Scott Deuschle upgrades RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) from Sell to Hold, raising the<a target="_blank" href="https://www.benzinga.com/quote/RTX/analyst-ratings" rel="noreferrer noopener"> price forecast from&nbsp;$109&nbsp;to&nbsp;$129.</a>
According to the analyst, RTX&#8217;s aerospace exposure is expected to enable it to outpace other defense companies, leveraging operational efficiencies to drive long-term growth and compound earnings.
The analyst sees potential for further stock upside with RTX currently valued similarly to pure defense companies for 2026 but boasting a more promising long-term growth outlook due to its aerospace exposure.
Deuschle writes that the overall narrative for RTX is compelling, as long as operational improvements persist.
The analyst forecasts third-quarter earnings per share of $1.36, exceeding the Street&#8217;s expectation of $1.32 by $0.04.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41146781/rtxs-raytheon-secures-darpa-contract-to-develop-ultra-wide-bandgap-semiconductors-details" rel="noreferrer noopener">RTX&#8217;s Raytheon Secures DARPA Contract To Develop Ultra-Wide Bandgap Semiconductors: Details</a>
Deuschle projects sequential revenue growth at Pratt &amp; Whitney and Collins, driven by increased aftermarket activity at Pratt &amp; Whitney from higher V2500 and GTF shop visits, while Collins is likely to benefit from sequential original equipment growth on Airbus and business jet platforms, along with sustained aftermarket strength and potential upside from increased modification revenue.
The analyst projects Raytheon&#8217;s revenue will decline quarter-over-quarter but sees upside potential due to strong demand, favorable DoD spending trends, and gradually improving conditions in the defense supply chain.
EPS estimates for 2024-2026 have been revised to $5.48, $6.06, and $6.88, respectively, from $5.48, $6.17, and $6.93.
This decrease is mainly due to lower original equipment rate assumptions for both Boeing and Airbus, partially offset by a better product mix and higher margins.
Meanwhile, operational risk keeps them at a Hold rather than a Buy.
Price Action: RTX shares are trading lower by 0.52% to $123.40 on Thursday.
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</ul>

Analyst Color

Equities

Upgrades

Price Target

Markets

Analyst Ratings

Trading Ideas

General

Deutsche Bank Changes Tune On Raytheon Parent RTX, Sees Aerospace Edge Fuel Long-Term Growth Potential

Hawaiian Airlines Now Offering Fast And Free Starlink Wi-Fi Across Entire Airbus Fleet

Triumph Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) received a <a href="https://www.benzinga.com/news/24/08/40485954/this-american-express-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-wednesday">downgrade last month from a Truist Securities analyst</a>.
While the company's transformation efforts have resulted in a "leaner, more focused portfolio," this is being overshadowed by the "uncertain aircraft production rates" of Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), according to BofA Securities.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">Analyst </a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">Ronald Epstein</a> downgraded the rating for Triumph Group from Buy to Underperform, while reducing the price target from $17 to $12.
The Triumph Group Thesis: The Installations segment is producing 13 per month, significantly below the rate required for margin expansion, while Composites and Cabin Components are producing 30 per month, which has downside risk, Epstein said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
As the company's working capital needs grow, there would be risks to free cash flow generation, along with margin headwinds, he added.
While Triumph Group is ramping production and the inventory is being accepted by Boeing and Airbus, "we are concerned any further production cuts could lead to destocking," the analyst stated. "The destocking would compound existing FCF headwinds from the V-22 program sunsetting, OEM deferrals, inflation, and supply-chain shortages," he further wrote.
TGI Price Action: Shares of Triumph Group had declined by 5.35% to $12.83 at the time of publication on Tuesday.
Read More: • <a href="https://www.benzinga.com/general/24/09/40996898/boeings-striking-workers-reject-best-and-final-offer-it-missed-the-mark-on-many-of-the-things">Boeing&#8217;s Striking Workers Reject &#8216;Best And Final&#8217; Offer: &#8216;&#8230;It Missed The Mark On Many Of The Things&#8217;</a>
Photo: Pixabay

Short Ideas

Downgrades

Movers

Triumph Group Gets A Double Downgrade On Looming Production Uncertainty

<a href="https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view" title="https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view">https://sam.gov/opp/e8efec9c0798481b99a4353c600b8af1/view</a>

BlackSky Technology Inc. Class A Common Stock

BKSY

CACI

NVEE

National Geospatial-Intelligence Agency Awards Multiple Award IDIQ Contract With $290M Ceiling To Luno A And Nine Other Vendors; Including BlackSky Geospatial Solutions; Contract Extends Through September 2029 To Provide Commercial Data And Analytic Services For National Security Community

Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower on Wednesday. On Tuesday, Boeing stated that it delivered 40 commercial jets in August, five more than in the same month of 2023 when a manufacturing defect <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40801473/whats-going-on-with-boeing-shares-tuesday" rel="noreferrer noopener">affected 737 MAX production</a>.
Of total count, Boeing delivered 32 MAX aircraft in August (up from 31 in July), which includes nine deliveries to customers in China, reported Reuters.
Goldman Sachs analyst Noah Poponak writes that deliveries stayed higher in August, following low levels earlier in the year <a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">due to a focus on product quality controls</a>.
The analyst anticipates continued delivery increases in the second half of 2024, reflecting improved performance in the third quarter.
Also, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) CEO Guillaume Faury announced that the company plans to launch a new aircraft program by the end of the decade, reported Reuters.
BofA Securities analyst Ronald J. Epstein says that Faury estimated that the next-generation aircraft would reduce fuel consumption by 25% compared to the A320, suggesting that an open-rotor engine design could be an option.
Epstein adds that the &#8220;A220XLR&#8221; has been a topic of speculation, and this announcement adds credibility to the program.
If Boeing responds to Airbus&#8217; announcement, it could have significant implications for the company and impact Boeing&#8217;s balance sheet, writes the analyst.
Apart from this, on Tuesday, Boeing informed suppliers of a six-month delay in a key production milestone for its 737 MAX. The new target is to reach a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40789118/boeings-737-max-production-faces-new-delays-report" rel="noreferrer noopener">monthly output of 42 jets by March 2025</a>.
Truist Securities analyst Michael Ciarmoli says that consensus estimates of around 32 MAX aircraft per month in fourth-quarter suggest that the delay in production rate increases was anticipated.
The analyst added that this delay, while not unexpected by the supply chain, is likely to strain suppliers who are already managing substantial inventory related to the program.
Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Gabelli Commercial Aerospace and Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCAD#NYSE">GCAD</a>).
Price Action: BA shares are down 1.21% at $158.13 at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40784605" target="_blank" rel="noreferrer noopener">Boeing Labor Deal Sparks Anger Among Union Workers Ahead Of Crucial Vote: ‘They're Angry'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

GCAD

iShares Dow Jones US Aerospace & Defense Index Fund

Boeing's Production Delays Not Unexpected, Analyst Says

- Morgan Stanley's 12th Annual Laguna Conference

Honeywell CEO Says Demand Of Airbus, Boeing Will Not Determine Our Growth Rate Next Year, It Will Be Our Ability To Supply Them

Delta Air Lines Says Delta Aircraft, Regional Jet Involved In Taxiway Incident In Atlanta; No Additional Operational Adjustments Are Expected; No Reported Injuries At This Time & Customers Being Transported Back To Terminal, To Be Reaccommodated On Alternate Flights

Airbus Says CFM Engine Deliveries Continue To Be Late; Continue To Test Open Rotor Engine Technology, Hopes There Will Be Competition To Develop It

Airbus CEO Says Aerospace Industry Under-estimated Time It Would Take To Replace Workers Who Left During Covid-19; Will Launch A New Airplane By The End Of The Decade With Development Next Decade; Next Single-Aisle Plane Must Reduce Fuel Burn By Around 25%; Open-Rotor Engine Could Be A Game-Changer If It Delivers Promised Benefits

Several airlines are reportedly conducting precautionary inspections of their Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) A350 fleets following an issue identified by Cathay Pacific Airways, Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPCAY#OTC">CPCAY</a>).
The Cathay Pacific airline discovered that 15 of its A350-1000 aircraft required fuel line repairs after an in-flight engine component failure. This problem affected aircraft using Rolls-Royce Trent XWB-97 engines, reported Reuters.
Delta Air Lines, which operates 30 A350-900s, said the airline runs its global operation &#8220;with the high standard of care for safety, reliability and care,&#8221; Reuters noted.
The European Union Aviation Safety Agency (EASA) has issued a directive requiring airlines to perform visual checks and measurements on A350-1000 engines within three to 30 days.
The A350-900 model, which uses a different engine, is not affected by this directive.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40729994/cathay-pacific-a350-engine-issue-airbus-and-rolls-royce-ready-to-speak-out" rel="noreferrer noopener">Cathay Pacific A350 Engine Issue: Airbus And Rolls-Royce Ready To Speak Out</a>
Cathay Pacific, which operates 48 A350 jets, has identified 15 aircraft needing engine component replacements, with repairs scheduled to be completed by Saturday.
Japan Airlines Ltd, which has five new A350-1000s, reported no defects after initial inspections but will conduct additional checks based on a Service Bulletin from Rolls-Royce.
Qatar Airways is inspecting its 24 A350-1000s in response to EASA and Rolls-Royce directives, while Etihad Airways, which has five A350-1000s, has found no issues during its inspections so far.
Virgin Atlantic, operating 12 A350-1000s, announced on Friday that it has received an Airworthiness Directive to inspect the XWB engines. The airline is collaborating closely with Airbus and Rolls-Royce on this matter. It anticipates that the inspections will result in &#8220;minimal disruptions&#8221; to its flight schedule.
British Airways, which operates 18 A350-1000s, has not yet provided a comment on the situation.
Singapore Airlines, which has 63 A350-900 planes, is conducting inspections with no reported flight impacts. Thai Airways, managing 23 A350-900s, said it continuously reviews the situation, per the report.&nbsp;
Airlines are closely monitoring the situation to ensure safety and operational stability.
Price Action: DAL shares are trading lower by 0.36% to $42.02 at last check Friday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40701898/cathay-pacifics-a350-fleet-to-fully-resume-operations-by-sep-7" target="_blank" rel="noreferrer noopener">CathPacific&#8217;sc&#8217;s A350 Fleet To Fully Resume Operations By Sep 7</a></li>
</ul>

CPCAY

Delta Air Lines Ensure 'High Standard Of Care For Safety' As Airlines Respond To Cathay Pacific's Airbus A350 Engine Failure

Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) and Rolls Royce Holdings plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RLLCF#OTC">RLLCF</a>) are set to update airlines on the consequences of an engine emergency that led Cathay Pacific Airways, Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPCAY#OTC">CPCAY</a>) to reassess its A350 fleet, amid <a target="_blank" href="https://www.benzinga.com/news/24/09/40683607/cathay-pacific-identifies-15-airbus-a350-planes-in-need-of-engine-part-replacement-report" rel="noreferrer noopener">growing demands for transparency from the aviation industry.</a>
Unless new evidence emerges from the investigation into the fuel system of a jet that was forced to return to Hong Kong on Monday, manufacturers are currently not advocating for global inspections, reported Reuters.
However, the final decision will rest with the regulators, the report added, citing people familiar with the discussions. Briefings might take place as soon as Thursday.
In response to Cathay Pacific&#8217;s situation, some airlines, including Singapore Airlines Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SINGY#OTC">SINGY</a>) and Japan Airlines Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JAPSY#OTC">JAPSY</a>), have been performing precautionary inspections of their entire A350 fleets.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40701898/cathay-pacifics-a350-fleet-to-fully-resume-operations-by-sep-7" rel="noreferrer noopener">Cathay Pacific&#8217;s A350 Fleet To Fully Resume Operations By Sep 7</a>
While the current stance indicates that no widespread flaw has been immediately identified, it is too early to dismiss the possibility of further findings that might necessitate action from other airlines, the report noted, citing sources who spoke on condition of anonymity.
It remains unclear whether the European Union Aviation Safety Agency (EASA) will support the decision to avoid recommending fleet-wide inspections, a move that could lead to expensive downtime amid ongoing maintenance delays in the industry.
The A350-1000, the larger variant in the Airbus A350 series, and its Rolls-Royce XWB-97 engines have come under scrutiny following an incident in which a Zurich-bound flight had to return to Hong Kong due to an engine issue, later determined to be caused by a fuel leak.
Preliminary investigations have found that a flexible pipe supplying fuel to a nozzle in the XWB-97 engine was punctured, per the report.
Hong Kong investigators are now expected to determine whether the hole in the flexible pipe was the source of the fuel leak or if it was caused by another, yet-to-be-identified issue.
Cathay Pacific announced that it plans to return all Airbus A350s, including the smaller A350-900 model, to service by Saturday after completing inspections and fuel line repairs on 15 aircraft.
This follows the cancellation of numerous flights to allow for the necessary examinations.
Image via Unsplash
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

EADSF

JAPSY

RLLCF

SINGY

Cathay Pacific A350 Engine Issue: Airbus And Rolls-Royce Ready To Speak Out

Cathay Pacific Airways has announced that its Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) A350 fleet will fully resume operations by Sep. 7, following a temporary halt due to an engine component failure.
What Happened: Cathay Pacific Airways stated that its Airbus A350 fleet will be fully operational by Sep. 7. However, the Hong Kong-based airline will cancel an additional 11 regional return flights over the next few days, Reuters reported on Wednesday.
The announcement comes after the flag carrier began inspecting all its Airbus A350 jets following the in-flight failure of an engine component earlier this week. The inspections were initiated to ensure the safety and reliability of the fleet.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40681423/softbank-walmart-backed-robotics-giant-sees-9b-wipeout-in-founders-wealth-after-company-stock-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SoftBank, Walmart-Backed Robotics Giant Sees $9B Wipeout In Founder&#8217;s Wealth After Company Stock That Surged Nearly 325% Last Year Takes A Steep Decline</a>
Why It Matters: This development is significant in light of recent events. Just a few days prior, Cathay Pacific had identified 15 Airbus A350 planes that <a href="https://www.benzinga.com/news/24/09/40683607/cathay-pacific-identifies-15-airbus-a350-planes-in-need-of-engine-part-replacement-report">required engine part replacements</a>. This was due to the same engine component failure that led to the temporary grounding of the fleet. The airline&#8217;s decision to resume operations suggests that the necessary inspections and replacements have been successfully completed, ensuring the safety of its aircraft. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40673694/intel-ceo-pat-gelsinger-to-present-board-with-major-asset-sale-and-cost-cutting-plan-including-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Intel CEO Pat Gelsinger To Present Board With Major Asset Sale And Cost-Cutting Plan, Including Halting $32B German Project: Report</a></li>
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Image by Riik@mctr via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Travel

Cathay Pacific's A350 Fleet To Fully Resume Operations By Sep 7

Editor&#8217;s Note: This story has been updated with a statement from Cathay Pacific Airways.
Cathay Pacific Airways has completed the inspection of its entire Airbus (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) A350 fleet after an engine component failure occurred on flight CX383 from Hong Kong to Zurich on Monday several minutes after take-off.
What Happened: The Hong Kong-based airline discovered <a href="https://www.benzinga.com/markets/equities/24/07/39755144/airbus-launches-lead-initiative-reportedly-aims-to-strengthen-aircraft-manufacturing-ahead-of-bo" target="_blank" rel="noreferrer noopener">15 aircraft </a>that required component replacements after inspecting its A350 fleet. Three of the 48 Rolls-Royce engine-powered planes have already been repaired successfully.
While the issue occurred on one of Cathay Pacific's 18 A350-1000 jets, the company also inspected 30 A350-900 jets as a &#8220;precautionary measure.&#8221;
Cathay Pacific anticipates all jets will be operational by Saturday. However, the disruption has led to the cancellation of at least 34 flights.
&#8220;This component was the first of its type to suffer such failure on any A350 aircraft worldwide,&#8221; Cathay Pacific said in a statement to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>.
It is not known whether the parts to be replaced were identified on the A350-1000 or A350-900 jets.
Why It Matters: Despite the issue identified on Monday, the A-350 plane landed back safely in Hong Kong about 75 minutes after take-off. Cathay has not revealed which engine component failed.
Other airlines have not been instructed to examine their planes with similar engines as the one on the Cathay Pacific plane which faced the engine issue, Reuters reported. Other major airlines with A350 planes in their fleet continue to operate them normally.
Other airlines with <a href="https://www.benzinga.com/news/24/07/39770942/boeing-rival-airbus-foresees-global-fleet-doubling-in-two-decades-amid-soaring-demand" target="_blank" rel="noreferrer noopener">A350-1000 jets</a> in operation include Qatar Airways, and Britsh Airways, among others.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Photo courtesy: Wikimedia

Global

Tech

Cathay Pacific Identifies 15 Airbus A350 Planes In Need Of Engine Part Replacement (Updated)

Global markets started September cautiously, with thin trading volumes as U.S. stock markets were closed for <a href="https://www.benzinga.com/markets/equities/24/09/40674353/is-the-market-open-on-labor-day">the Labor Day holiday</a>.
European markets closed the session marginally in the green, as traders anticipate imminent interest rate cut by the European Central Bank, The pan-European Euro Stoxx 50 index gained 0.3% for the day, closing at its highest level since mid-July. In Germany, the DAX index edged up 0.1%, setting a new record for its closing price.
Among large-cap European stocks, Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) led the gains with a 3.6% rise, followed by Orange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>) and Telefonica SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>), which climbed 1.7% and 1.5%, respectively.
The biggest laggards were Airbus SE (OTCPK: EADSY) , which fell 1.4%, Adidas AG (OTCPK: ADDY), down 0.9%, and both Kering SA (OTCPK: PPRUY) and BMW AG (OTCPK: BMWYY), each slipping 0.8%.
<h3 class="wp-block-heading">Other Markets</h3>
In the currency market, the euro rose 0.2% to 1.1070 against the dollar as of 2:00 p.m. ET: , snapping three straight sessions of declines. The British pound inched 0.1% against the greenback, while the Australian dollar rose 0.4%. 
The Japanese yen was the weakest performer on Monday, dropping 0.4% against the dollar, extending the trend from last week amid a reduction expectations for an aggressive Federal Reserve rate cut. 
In commodities markets, U.S. natural gas futures surged 2.8% to $2.10 per Million British Thermal Units, spurred by heightened demand for cooling. The Midwest region faced record-breaking temperatures over the weekend, prompting intense heat warnings for more than 60 million residents and driving up air conditioner usage.
Crude oil futures rose 0.5%, while gold eased 0.2% with the yellow metal falling slightly below $2,498.91. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose over 2% to 58,550, after dropping 2.8% on Sunday. 
<h3 class="wp-block-heading">Monday&#8217;s Major Company News</h3>
<ul>
<li>The German automaker BMW is recalling its electric Mini Cooper SE vehicles due to battery issues that could potentially impact over 140,000 cars globally, according to Reuters.</li>
<li>In a note released on Monday by the European Medicines Agency (EMA), Dutch pharmaceutical company Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVO#NYSE">NOVO</a>) advised healthcare professionals to continue restricting the initiation of new patients until the supply situation stabilizes. Shares of Novo Nordisk fell 1%.</li>
<li>Private equity giant Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) has reached an agreement to acquire an 80% stake in a European warehouse portfolio managed by landlord Burstone Resources Inc. (OTCPK: BBSRF). </li>
</ul>
Read also: 
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<li><a href="https://www.benzinga.com/24/09/40676774/september-market-seasonality-why-this-month-is-historically-the-toughest-for-investors">September Market Seasonality: Why This Month Is Historically The Toughest For Investors</a></li>
</ul>

$BTC

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European Stocks Little Moved On Labor Day, German DAX Mark Record Close, Natural Gas Futures Rise: What's Driving Markets Monday?

A recent survey reveals that travelers are increasingly considering the type of aircraft before booking flights. This behavioral change comes amid <a href="https://www.benzinga.com/top-stories/24/08/40585703/boeing-737-aircraft-experiences-engine-trouble-during-alaska-airlines-flight-forced-to-turn-around">growing concerns about aircraft safety</a>, despite a new MIT study showing that flying is becoming safer by the decade.
What Happened: According to a survey conducted by digital analytics company Quantum Metric in June found that one in five travelers are researching the aircraft they may be flying on before booking. Furthermore, 22% of respondents are limiting air travel for the rest of the year, CNBC <a href="https://www.cnbc.com/2024/09/02/fear-of-flying-a-new-mit-study-shows-flying-gets-safer-by-the-decade.html">reported</a> on Sunday.
Overall, 55% of travelers have changed their flight booking habits due to recent news about aircraft and airlines. The survey did not directly mention Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) but the company has been in the <a href="https://www.benzinga.com/top-stories/24/08/40585703/boeing-737-aircraft-experiences-engine-trouble-during-alaska-airlines-flight-forced-to-turn-around">media spotlight since</a> a door panel blew off an Alaska Airlines flight in January.
Despite the growing fear of flying, a recent study by the Massachusetts Institute of Technology (MIT) reveals that aviation safety has significantly improved over the past decade. The study, published in the Journal of Air Transport Management, states that the risk of dying on a commercial flight globally was one per 13.7 million passenger boardings from 2018 to 2022.
This is a significant improvement from the previous decade and a far cry from the one death for every 350,000 boardings that occurred between 1968 and 1977.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40660012/10-years-ago-alcohol-was-banned-in-kentucky-now-theyre-voting-to-legalize-cannabis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kentucky: From Alcohol Ban To Legal Cannabis</a>
However, the study also highlights geographical disparities in flight safety, dividing the world into three tiers. Tier 1 and Tier 2 countries, including the U.S., European Union, Australia, Canada, China, Israel, Japan, New Zealand, and others, have a death risk of 1 per 80 million passenger boardings.
In contrast, Tier 3 countries have a fatality risk 36 times higher than Tier 1 countries.
Why It Matters: This shift in booking habits comes in the wake of several safety incidents involving airlines. In June, a United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) flight had to <a href="https://www.benzinga.com/markets/equities/24/06/39429641/united-airlines-flight-emergency-landing-adds-to-string-of-safety-incidents-report">make an emergency landing</a> after losing part of an engine liner. This incident added to a series of mishaps that year, placing the airline under regulatory scrutiny.
On the other hand, efforts are being made to <a href="https://www.benzinga.com/markets/equities/24/05/39008116/on-the-road-to-safer-skies-airbus-tests-next-gen-tech-for-smarter-taxiing-and-enhanced-flight-sa">enhance flight safety</a>. In May, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) showcased its Optimate demonstrator vehicle at VivaTech, Europe's largest technology event. The vehicle, fitted with basic A350 airliner controls, demonstrated how automated taxiing could mitigate ground collision risks.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40644047/dont-fight-nvidia-or-the-fed-says-mohamed-el-erian-urges-investors-to-recognize-dual-influence-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Fight Nvidia&#8217; Or The Fed, Says Mohamed El-Erian, Urges Investors To Recognize Dual Influence On Market Dynamics</a></li>
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Image via PickPik
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Boeing Safety Fears Prompt Travelers To Double-Check Aircraft Details Before Booking: Study

Lockheed Martin Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) business unit, Sikorsky, recently secured a modification contract for HH-60M Black Hawk helicopters. The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.&nbsp;
Valued at $52.2 million, the contract is expected to be completed by Jun 30, 2027. Work related to this contract will be carried out in Stratford, CT.
<h3>Black Hawk and Lockheed</h3>
Lockheed has strengthened its position as one of the forerunners in the military helicopter market, driven by continuous advancements in its combat-proven helicopters, backed by growing demand for more agile and lethal defense products.&nbsp;
Notably, the Unites States and other 34 nations&#39; reliance on Lockheed&#39;s Black Hawk multirole helicopters underscores the company&#39;s prominence in the combat helicopter space. This can be gauged from the fact that currently, more than 4,000 Black Hawk helicopters of various types are in service worldwide.
These helicopters are equipped with state-of-the-art digital avionics, robust GE engines and resilient airframe structures. Additionally, the inclusion of composite wide-chord rotor blades enhances the BLACK HAWK&#39;s survivability, situational awareness and overall performance.
Lockheed&#39;s commitment to innovation is further exemplified by the UH-60M, the latest iteration of the BLACK HAWK family. This model is superior in every aspect, offering greater payload capacity, extended range and improved handling. The advanced digital avionics suite integrated into the UH-60M significantly boosts situational awareness and interoperability, which are vital for modern combat scenarios. The helicopter also features active vibration control and enhanced survivability, making it more capable and reliable than its predecessors.
Lockheed&#39;s focus on integrating advanced features into its helicopters has resulted in a steady stream of orders, as demonstrated by recent contract wins, including the latest one. This, in turn, is expected to drive continued revenue growth for Lockheed&#39;s Sikorsky business unit, ensuring the company&#39;s prominence in the combat helicopter market in the future.
<h3>LMT&#39;s Growth Opportunities</h3>
Recent advancements and the integration of new tactical, logistical and essential features have significantly boosted the prominence and demand for U.S. military helicopters. As one of the leading manufacturers in the combat helicopter industry, Lockheed is well-positioned to capitalize on this trend, with its portfolio containing combat-proven programs like Black Hawk, MH-60R Seahawk, HH-60W Combat Rescue, CH-148 Cyclone, S-97 Raider and CH-53K King Stallion heavy-lift helicopters. The recent contract award is a decent example of this continued success.
Looking ahead, rising geopolitical tensions and cross-border conflicts are prompting nations to increase defense spending on new aircraft and helicopters to enhance their aerial capabilities. According to a report by the Mordor Intelligence firm, the military helicopter market is projected to witness a compound annual growth rate (CAGR) of 2.9% between 2024 and 2030.
<h3>Prospects for Peers</h3>
Other defense companies that should enjoy the perks of the expanding military helicopter market have been discussed below.
Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>): The company&#39;s helicopters are renowned for their leading-edge, ready and relevant solutions that deliver proven capabilities. Boeing&#39;s product portfolio includes combat helicopters and rotorcraft like the CH-47 Chinook, AH-64 Apache, AH-6 Little Bird and V-22 Osprey.
Boeing has a long-term (three to five years) earnings growth rate of 21.3%. The Zacks Consensus Estimate for BA&#39;s third-quarter 2024 sales indicates an improvement of 10.8% from the prior-year quarter&#39;s reported figure.
Airbus Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>): It is one of the world&#39;s largest suppliers of advanced military helicopters. Its product portfolio includes the H135 combat helicopter, the H145M helicopter, the AS565 MBe Panther, H160M, H175M, H215M, H225M and a few more.
Airbus&#39; long-term earnings growth rate is 13.9%. The consensus estimate for EADSY&#39;s 2024 sales indicates an improvement of 7.2% from the 2023 reported figure.
Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>): Its Bell unit is one of the leading suppliers of helicopters to the U.S. government. In association with Boeing, this unit is the only supplier of military tiltrotor aircraft. Some of TXT&#39;s key programs are AH-1Z helicopter, V-22 tiltrotor, V-247 and V280 aircraft.
Textron boasts a long-term earnings growth rate of 10.1%. The Zacks Consensus Estimate for TXT&#39;s 2024 sales indicates an improvement of 5.6% from the 2023 reported figure.
<h3>Price Movement</h3>
In the past year, shares of Lockheed have surged 22.7% against the industry&#39;s decline of 1.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/23/75346.jpg?v=1639593864" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Lockheed currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2326916/lockheed-lmt-wins-a-contract-for-hh-60m-black-hawk-helicopters?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2326916">To read this article on Zacks.com click here.</a>

Earnings

Contracts

Lockheed Wins a Contract for HH-60M Black Hawk Helicopters

<a href="https://www.bloomberg.com/news/articles/2024-08-20/saudi-fund-said-to-eye-boeing-airbus-jets-for-new-cargo-airline?embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2024-08-20/saudi-fund-said-to-eye-boeing-airbus-jets-for-new-cargo-airline?embedded-checkout=true">https://www.bloomberg.com/news/articles/2024-08-20/saudi-fund-said-to-eye-boeing-airbus-jets-for-new-cargo-airline?embedded-checkout=true</a>

Bloomberg Reported Earlier, Saudi Arabia's Sovereign Wealth Fund Is In Exploratory Talks With Boeing, Airbus For Freighters For A New Cargo Airline

Embraer S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erj#NYSE">ERJ</a>) recently clinched a contract from Virgin Australia for delivering eight of its E190-E2 small narrowbody aircraft. Deliveries are expected to start in the second half of 2025.
The steady stream of orders for Embraer&#39;s E190-E2 aircraft underscores the jet maker&#39;s ability to meet the growing jet demand from airlines.
<h3>Significance of Embraer&#39;s E190-E2 Jets</h3>
The E190-E2 is considered to be the most fuel-efficient single-aisle aircraft, with the capacity to reduce emissions by about 30% compared to the Fokker F100 aircraft fleet, which is currently used by Virgin Australia. Moreover, with this aircraft being certified to fly with blends of up to 50% sustainable aviation fuel (SAF), E190-E2 is a desirable choice for airlines looking for jets with low carbon emissions and fuel burn.&nbsp;It also offers lower noise, thereby offering better comfort to its passengers.
Due to such remarkable features, Embraer must have been witnessing a steady inflow of orders for this jet model. The recent order placed by Virgin Australia is a bright example of that.
<h3>Opportunities Ahead</h3>
The demand for global air travel has been on a steady rally recently and is expected to do so in the near future as well. Per the report released by the International Air Transport Association (&quot;IATA&quot;) in June 2024, total air traffic in June 2024 (measured in revenue passenger kilometers or RPKs) increased 9.1% compared to June 2023.
IATA expects world passengers to increase by 3.8% per year, on average, resulting in more than 4 billion additional passenger journeys in 2043 compared to 2023. Due to such a solid passenger traffic projection, total RPKs are expected to increase by 11.6% in 2024, thereby paving the way for spurring demand for fuel-efficient jets like those manufactured by Embraer.
Embraer&#39;s Commercial Aviation segment backlog at the end of the second quarter of 2024 was $11.3 billion, which went up a solid 170% sequentially, marking the biggest increase in this unit. Such solid backlog strength of the company should enable it to eventually recognize significant revenue growth once the deliveries are made.
<h3>Peer Prospects</h3>
Other companies that stand to benefit from the growing passenger traffic are Airbus SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>), Textron (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) and Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>).
Airbus is one of the forerunners in the commercial aircraft space. Its order backlog amounted to 8,585 commercial aircraft at the end of June 2024, while the company delivered 323 commercial jets in the first half of 2024.
Airbus&#39; long-term (three to five years) earnings growth rate is pegged at 13.9%. The Zacks Consensus Estimate for EADSY&#39;s 2024 sales implies an improvement of 7.2% from the prior-year figure.
Boeing has been a premier manufacturer of commercial jetliners for decades. Its Commercial Airplanes segment delivered 92 airplanes in the second quarter of 2024. This unit has a backlog of $437 billion during the same period, up from $363 billion recorded at the end of the second quarter of 2023.
Boeing&#39;s long-term earnings growth rate stands at 21.3%. BA shares have rallied 37% in the past year.
Textron&#39;s unit, Textron Aviation, is a well-known designer of business jet brands like Cessna and Beechcraft. The segment&#39;s order backlog at the end of the second quarter of 2024 totaled $7.5 billion. The unit delivered 42 jets during the same period.
Textron boasts a long-term earnings growth rate of 10.1%. The Zacks Consensus Estimate for TXT&#39;s 2024 sales implies an improvement of 5.6% from the prior-year figure.
<h3>Price Movement</h3>
In the past three months, shares of Embraer have risen 11.5% compared with the industry&#39;s growth of 2.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/27/74285.jpg?v=565982928" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Embraer currently carries a Zacks Rank #5 (Strong Sell).
<a href="https://www.zacks.com/stock/news/2321835/embraer-erj-secures-contract-to-deliver-8-e190-e2-jets?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2321835">To read this article on Zacks.com click here.</a>

Mid Cap

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Embraer Secures Contract to Deliver 8 E190-E2 Jets

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UBS analyst Ian Douglas maintained a Hold rating on Airbus Group SE (EADSF – Research Report) today and set a price target of €140.00. The company'...

Airbus Group SE (EADSF) Gets a Hold from UBS

Airbus's plane deliveries fell 9% in September

Chloe Lemaire, an analyst from Jefferies, maintained the Buy rating on Airbus Group SE (EADSF – Research Report). The associated price target remai...

Airbus Close to Meeting Q4 Targets with Stable Profitability: Buy Rating Affirmed

RBC Capital analyst Kenneth Herbert maintained a Buy rating on Airbus Group SE (EADSF – Research Report) today and set a price target of €180.00. T...

RBC Capital Sticks to Their Buy Rating for Airbus Group SE (EADSF)

In a report released today, Charles Armitage from Citi maintained a Buy rating on Airbus Group SE (EADSF – Research Report), with a price target of...

Airbus Group SE (EADSF) Receives a Buy from Citi

In a report released today, Phil Buller from Berenberg Bank maintained a Sell rating on Airbus Group SE (EADSF – Research Report), with a price tar...

Berenberg Bank Remains a Sell on Airbus Group SE (EADSF)

In a report released today, Victor Allard from Goldman Sachs maintained a Buy rating on Airbus Group SE (EADSF – Research Report), with a price tar...

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