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Airbus to scrap A380 superjumbo production as sales slump

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On 2/14/2019 at 11:03 PM, Cryingdick said:

The A380 was one of the dumbest corporate blunders in history. 

Had Airbus not been under government control the A380 wouldn't have taken off. The main initiator of the program was the small d**k syndrome of some European rulers. And then, of course, the engineers liked the challenge. Extensive market research on the hub vs point to point strategies was freely available and the decision makers chose to ignore it.

In many ways A380 is another Concorde. On the bright side the Concorde venture lead to the birth of Airbus..

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12 hours ago, Cryingdick said:

 

It is easy to spot because Boeing is doing all the right moves. The shares I hold speak for themselves. Boeing is a very well run company on the forefront of technological advancements and in an industry that has an almost impossible bar to enter. They did record numbers of plane sales this year. There is literally nothing to not like about them at the moment.

 

I don't think you have to be American to realize this. 

Airbus Soars to Record High After Q4 Earnings Beat, A380 Program Closure

 

Airbus SE  (EADSY) shares traded at an all-time high Thursday after the Franco-German planemaker and key Boeing Co. (BA - Get Report) rival posted stronger-than-expected fourth quarter earnings, issued a robust 2019 outlook for aircraft deliveries and said it would formally scrap it struggling A380 jumbo jet program. 

 

Airbus said adjusted operating profits for the three months ending in December rose 56% from the same period last year to €3.1 billion as revenues jumped 11% to €23.286 billion, both of which firmly topped analysts' forecasts. Airbus said it sees overall deliveries rising as much as 11.25% this year to around 890 aircraft, and plans to boost production of its narrow-body A320 to 60 per month by the middle of this year.

https://www.thestreet.com/investing/earnings/airbus-soars-to-record-high-after-q4-earnings-beat-a380-program-closure-14866432

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40 minutes ago, bristolboy said:

Airbus Soars to Record High After Q4 Earnings Beat, A380 Program Closure

 

Airbus SE  (EADSY) shares traded at an all-time high Thursday after the Franco-German planemaker and key Boeing Co. (BA - Get Report) rival posted stronger-than-expected fourth quarter earnings, issued a robust 2019 outlook for aircraft deliveries and said it would formally scrap it struggling A380 jumbo jet program. 

 

Airbus said adjusted operating profits for the three months ending in December rose 56% from the same period last year to €3.1 billion as revenues jumped 11% to €23.286 billion, both of which firmly topped analysts' forecasts. Airbus said it sees overall deliveries rising as much as 11.25% this year to around 890 aircraft, and plans to boost production of its narrow-body A320 to 60 per month by the middle of this year.

https://www.thestreet.com/investing/earnings/airbus-soars-to-record-high-after-q4-earnings-beat-a380-program-closure-14866432

 

 

 

 

 

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I'm sure Aibus will be fine and dropping the 380 made great business sense, you just can't continue losing so much money.

 

The 380 is a fine aircraft, will continue to be supported and should easily be around for another 20-30 years.

 

Parts and service is a huge revenue stream for commercial aircraft builders and the 380 program could well turn into a nice profit center for Airbus.

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On 2/16/2019 at 10:36 AM, Yellowtail said:

The 380 is a fine aircraft, will continue to be supported and should easily be around for another 20-30 years.

 

Parts and service is a huge revenue stream for commercial aircraft builders and the 380 program could well turn into a nice profit center for Airbus.

May be not according to this article

 

https://www.news.com.au/finance/business/manufacturing/airbus-a380-superjumbos-are-already-being-scrapped/news-story/59f355699dd5a742704ec445660ea160

 

A380.jpg.ac5c60b679f24fddda35c03ab02b7e2a.jpg

Two Airbus A380 superjumbos languish in a field next to Tarbes airport in France.

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Honda is closing a small diesel powered car making factory in England. Blame Brexit

Airbus is cancelling a dud plane. Blame Brexit

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53 minutes ago, Prissana Pescud said:

Honda is closing a small diesel powered car making factory in England. Blame Brexit

Airbus is cancelling a dud plane. Blame Brexit

You might be able to make a Brexit argument for Honda (I doubt you can) but there is no argument that cancelation of A380 program is a result of Brexit.

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On 2/15/2019 at 9:48 PM, bristolboy said:

Airbus Soars to Record High After Q4 Earnings Beat, A380 Program Closure

 

Airbus SE  (EADSY) shares traded at an all-time high Thursday after the Franco-German planemaker and key Boeing Co. (BA - Get Report) rival posted stronger-than-expected fourth quarter earnings, issued a robust 2019 outlook for aircraft deliveries and said it would formally scrap it struggling A380 jumbo jet program. 

 

Airbus said adjusted operating profits for the three months ending in December rose 56% from the same period last year to €3.1 billion as revenues jumped 11% to €23.286 billion, both of which firmly topped analysts' forecasts. Airbus said it sees overall deliveries rising as much as 11.25% this year to around 890 aircraft, and plans to boost production of its narrow-body A320 to 60 per month by the middle of this year.

https://www.thestreet.com/investing/earnings/airbus-soars-to-record-high-after-q4-earnings-beat-a380-program-closure-14866432

 

I never said Airbus was dying or anything just that Boeing is a company that is superbly managed and is also soaring to record highs. You really must comment on every word I type here just because you can't seem to help yourself. I merely said the A380 was a huge blunder and that Boeing had made all the right moves and that is true.

 

https://boeing.mediaroom.com/2019-01-08-Boeing-Sets-New-Airplane-Delivery-Records-Expands-Order-Backlog

 

I would gladly trade you one share of Airbus for every share of Boeing you care to give me.

Edited by Cryingdick

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On 2/15/2019 at 10:29 PM, Yellowtail said:

 

 

 

 

Capture.JPG

 

A quick glance at that chart also shows you that Boeing has been tested twice in recent lows. That was when the Lion Air crash happened. This chart definitely leans on the favor of Boeing to continue to rise as compared to Airbus. Airbus is just beginning to test it's recent all time high and will most likely go up and down while the stock consolidates. Boeing was tested and is in a break out now above the 200 day moving average. 

 

Of course the larger market in Europe isn't great so you can't really fault Airbus as they are achieving great results in the wasteland of the European economy.

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