Airbus Juggles Orders, Q1 Earnings & Insider Buying

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Airbus SE (EADSY:US) was founded in 1998 in the Netherlands and is one of the world’s top Aerospace & Defense industry companies. The company produces and distributes aerospace goods, services, and solutions. 

Trading under the AIR ticker, the company’s stock is up by 11.81% year-to-date. The company has a current Market Cap of around EUR 123.68 billion. 

Executive Buys In

On May 6, Airbus’s CEO Guillaume Marie Jean Dominique Faury bought 14,880 shares. These amounted to a value of $2.47 million. 

This was CEO Faury’s first trade of Airbus shares in 2024. He previously purchased AIR shares through private placements in 2023 and 2022 and was also awarded shares during this season. 

Guillaume Faury has served as Airbus’s CEO since 2019 and was re-appointed in 2022. Before this, he held various leadership positions across Airbus’s helicopter business.

Results & Orders - Q1 2024

On April 25, Airbus announced its first quarter 2024 results: Consolidated revenues grew by 9% compared to 2023, reaching €12.8 billion. By the end of March 2024, the order backlog stood at 8,626 commercial aircraft. 

"We delivered first quarter 2024 results against the backdrop of an operating environment that shows no sign of improvement," CEO Guillaume Faury said, "Geopolitical and supply chain tensions continue. In that context, we delivered 142 commercial aircraft."

Airbus also illustrated confidence in its future performance. The company aims for approximately 800 commercial aircraft deliveries, EBIT Adjusted ranging from €6.5 billion to €7.0 billion, and Free Cash Flow before Customer Financing of roughly €4.0 billion.

A day after CEO Faury’s purchase Airbus announced that it closed its acquisition of Aerovel, a U.S.-based company, along with its unmanned aerial system (UAS) known as Flexrotor. This acquisition aims to enhance Airbus's range of tactical unmanned solutions.

Furthermore, Airbus received orders for its A350 widebody aircraft and H145M helicopters; India’s IndiGo - the country’s largest airline - ordered 30 A350s on May 06. Before this, the country of Brunei signed an agreement to purchase six helicopters.

All these developments have placed Airbus in a strong position at the forefront of aviation & defense technologies. These hint at a bullish future for the company.