Airbus Is Ramping Up Production on A320 Series, and A350 Break-Even Is in Sight
Airbus delivered its A380 cancellation announcement with 2018 results that crushed consensus and our expectations. The company's adjusted EBIT in the quarter landed at EUR 3 billion versus consensus of EUR 2.4 billion. The A320neo premium, a $0.05 improvement in maturing hedges, and higher A350 pricing drove profits higher. The A330 and A220 as well as research and development spending partially offset these tailwinds. Given the strong 2019 outlook--the adjusted EBIT guide of around EUR 6.7 bill...Airbus is an European Aeronautic Defense and Space company whose core business is the manufacturing of commercial aircraft, civil and military helicopters, commercial space launch vehicles, missiles, military aircraft, satellites and defense systems and defense electronics and the rendering of services related to these activities. Co. organizes its businesses into the following five operating divisions: Airbus Commercial, Airbus Military, Eurocopter, Cassidian and Astrium. In addition, Co.'s Other Businesses division engages in the development, manufacturing, marketing and sale of regional turboprop aircraft and aircraft components.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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