ReutersCodex · 实盘不做把握 6/10
北京时间·🕒 发布 15:08:19时区推断·⟳ 抓取 20:13:11·⚡ 决策 07-22 22:06:54 +1h53m·96.7 天前
Airbus启动50亿欧元回购并上调2029年利润目标，股价盘中已大涨
Airbus（AIR.PA）披露50亿欧元三年期回购，并给出2029年120亿至130亿欧元核心利润目标，较去年71.3亿欧元显著提升。
📄 原文Reuters↗ 原文
Airbus (AIR.PA) shares jumped more than 7% on Wednesday after the European planemaker launched a €5 billion ($5.7 bill…
不做 Airbus（AIR.FR）
利好方向明确但Reuters报道时Airbus（AIR.PA）已盘中上涨逾7%，抓取又滞后约7小时，当前再追缺少剩余edge；供应链改善仍需实际交付加速验证。
不做 Rolls-Royce（RR.GB）
A350增产或拉长版仍是研究和未来12个月内可能决策，未形成确定订单或可量化增量，不做二阶供应商追单。
不做 RTX（RTX.US）
Pratt & Whitney与Airbus仍在谈2027年发动机供应，当前信息更像供应瓶颈待解而非确定新增正向订单，不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-22 · 扩散 high · price-in 风险 high ↗
关键理由
- Airbus（AIR.PA）披露50亿欧元三年期回购，并给出2029年120亿至130亿欧元核心利润目标，较去年71.3亿欧元显著提升。
- 公司同时释放供应链改善和交付加速信号，上半年交付同比增长15%，对商用飞机业务2029年约100亿欧元经营利润给出积极指引。
- 但Reuters正文已明确称Airbus（AIR.PA）盘中上涨逾7%，本次抓取距首发约7小时，主要重定价已经发生。
主要风险
- Jefferies提示供应链改善仍需转化为实际产量加速，2027年窄体机发动机供应仍需与Pratt & Whitney谈判确认。
- 当前属于盘中已大幅反应后的追高交易，若后续产量目标兑现慢于预期，容易回吐。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-22 · 影响 weakens
Reuters正文援引Jefferies观点称供应链改善仍需转化为有意义的产量加速，削弱追高确定性。
检索:Reuters Airbus buyback 2029 guidance supply chain Jefferies production acceleration 原文 ↗
原文全文
展开原文 · 2,322 字
Airbus (AIR.PA) shares jumped more than 7% on Wednesday after the European planemaker launched a €5 billion ($5.7 billion) share buyback and unveiled new mid-term targets including a near doubling of profits by 2029.
Handing investors an increasingly confident picture of the supply chain on the sidelines of the Farnborough Airshow, where delegates said the industry is turning a corner after engine and other shortages, Airbus said it had more visibility than ever.
Its shares were up 7.1% in mid-morning Paris trading, on track for their biggest one-day jump since April 8.
Jefferies analyst Chloe Lemarie described the presentation as solid, but added, "the message on improved supply chain still needs to translate into meaningful acceleration in production".
Airbus is aiming to increase narrowbody jet production to 70 to 75 a month in 2027 from around 60 now, but remains in talks over 2027 engine supplies from Pratt & Whitney (RTX.N).
ROLLS SEES A350 DECISION SOON
It also sees strong demand for the wide-body A350 and reiterated it was studying a stretched version. But it declined to comment on the timing after the CEO of engine maker Rolls-Royce (RR.L) said Airbus could decide within 12 months.
Rolls-Royce CEO Tufan Erginbilgic said on Tuesday that Airbus was talking to airlines that were interested.
"We are working with them," he told reporters.
Airbus Commercial CEO Lars Wagner told analysts the company aimed to decide this year on higher production for the A350, landing somewhere between the current goal of 12 a month and 20.
Airbus is also looking at stretching its smaller A220.
Airbus said late on Tuesday it was targeting a core profit of €12 billion to €13 billion in 2029, up sharply from €7.13 billion last year and well above a 2026 target of €7.5 billion.
Some analysts called the targets conservative but Deutsche Bank analyst Christophe Menard said the timing of the three-year share buyback was a positive boost.
Airbus expects its main commercial aircraft business to generate around €10 billion in operating profit in 2029 and struck a positive tone on aircraft deliveries.
It started the year slowly due to supply-chain and engine bottlenecks but has since accelerated deliveries, increasing first-half handovers by 15% year-on-year.
($1 = €0.8763)
Handing investors an increasingly confident picture of the supply chain on the sidelines of the Farnborough Airshow, where delegates said the industry is turning a corner after engine and other shortages, Airbus said it had more visibility than ever.
Its shares were up 7.1% in mid-morning Paris trading, on track for their biggest one-day jump since April 8.
Jefferies analyst Chloe Lemarie described the presentation as solid, but added, "the message on improved supply chain still needs to translate into meaningful acceleration in production".
Airbus is aiming to increase narrowbody jet production to 70 to 75 a month in 2027 from around 60 now, but remains in talks over 2027 engine supplies from Pratt & Whitney (RTX.N).
ROLLS SEES A350 DECISION SOON
It also sees strong demand for the wide-body A350 and reiterated it was studying a stretched version. But it declined to comment on the timing after the CEO of engine maker Rolls-Royce (RR.L) said Airbus could decide within 12 months.
Rolls-Royce CEO Tufan Erginbilgic said on Tuesday that Airbus was talking to airlines that were interested.
"We are working with them," he told reporters.
Airbus Commercial CEO Lars Wagner told analysts the company aimed to decide this year on higher production for the A350, landing somewhere between the current goal of 12 a month and 20.
Airbus is also looking at stretching its smaller A220.
Airbus said late on Tuesday it was targeting a core profit of €12 billion to €13 billion in 2029, up sharply from €7.13 billion last year and well above a 2026 target of €7.5 billion.
Some analysts called the targets conservative but Deutsche Bank analyst Christophe Menard said the timing of the three-year share buyback was a positive boost.
Airbus expects its main commercial aircraft business to generate around €10 billion in operating profit in 2029 and struck a positive tone on aircraft deliveries.
It started the year slowly due to supply-chain and engine bottlenecks but has since accelerated deliveries, increasing first-half handovers by 15% year-on-year.
($1 = €0.8763)
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