Story
Airbus September Deliveries Slowed by A321neo Quality Issue, Sources Say
Summary
A quality glitch affecting the best-selling A321neo jet has reportedly caused Airbus to delay around 20 aircraft deliveries into the fourth quarter, though the company maintains its full-year targets are unchanged.
Airbus is reportedly experiencing a slowdown in its September aircraft deliveries following the discovery of a quality issue affecting its popular A321neo model, according to industry sources cited by Reuters.
Production Snag Delays Deliveries
The issue has resulted in a cumulative total of 20 A321neo jets being pushed from the third quarter into the fourth, one source familiar with the matter said. The glitch is not related to safety, and several airline customers are reportedly continuing to accept the aircraft.
Aircraft delivery figures are a key performance indicator for planemakers like Airbus, as they are closely watched by investors and are when the bulk of an aircraft's payment is typically received.
AdFull-Year Targets Unchanged
While Airbus declined to comment on incomplete monthly delivery figures, the company stated last Friday that there was no change to its full-year targets. This suggests that the European manufacturer expects to make up for the September shortfall in the final quarter of the year.
Investors will be closely monitoring the company's official third-quarter delivery report to assess the full impact of the snag and the pace of production required to meet its annual goals.
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