German giant Airbus (AIR.DE) has received a record order for 500 jets from IndiGo, India's largest airline. The company will supply A320 aircraft - the deal was officially announced today at the Paris Air Show, where the new orders were also announced by several other companies including MTU Aero Engines (MTX.DE), US-based HEICO (HEI.US) and Boeing (BA.US), which intends to increase production of 737 models due to growing demand.
- Airbus estimates that Asia will become the world's largest aviation market. India's aviation market is currently growing the fastest in the world, with India's population surpassing that of China this year. In addition, Indian politicians are encouraging airlines to make as many aircraft purchases as possible and are allocating $12 billion - for airport expansion.
- The previous record for orders also belonged to India, with Air India ordering a total of 470 aircraft from Airbus and US-based Boeing in February. The market welcomed the news but Airbus shares are trading only slightly up 0.3%. The Airbus share price is now only 75 below its all-time-highs from 2019.
Airbus (AIR.DE) shares still haven't managed to beat the historical peaks of 2019, near €140 per share. The share price is still recovering from pandemic losses. The main line of support is set by the SMA100 (black line) at €123 per share and the 23.6 Fibonacci abolition of the March 2020 upward wave, near €115. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appAirbus' net margin and net profits have definitely improved since 2020 although revenues are still far from record highs. Source: XTB Research
The average analyst consensus indicates that Airbus shares have the potential to climb to new historical peaks in the long term. Source: XTB Research
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
