Airbus Shares Drop 2.13% to €169.06 Amid Brent Crude at $109
Airbus shares fall 2.13% to €169.06 at midday, within a CAC 40 down by 1.35% at 7,973.47 points. The European aerospace manufacturer is experiencing a challenging session for European cyclical stocks as Brent crude surpasses $109 per barrel. Over the week, the decline is nearly 8%.
Shares Move Away from Moving Averages Amid Brent Surge to $109
Today's decline occurs in a tense energy context: Brent crude is up 2.36% at $109.11, extending an upward trend already noted in recent sessions. The European aerospace sector remains sensitive to oil price trajectories through the fuel costs of client airlines. This session follows the decline observed on May 12 at €171.82.
The stock has fallen below all its moving averages. The price is below the MM20 (€173.96, a gap of -2.82%) and even more so below the MM200 (€189.99, a gap of -11.02%). The Bollinger bands place the stock in the lower part of the zone, at 30% of the amplitude, without touching the lower boundary at €161.75. The RSI at 49 remains neutral. Airbus ranks 32nd in the CAC 40 for the session.
Busy Schedule in May-June Following a Mixed Q1 Report
The session comes during a period of digesting the first quarter accounts published on April 29: 398 net commercial aircraft ordered (up from 204 a year earlier), but revenue down 7% at €12.7 billion and adjusted profit halved to €300 million. The order of 150 A220-300s by AirAsia on May 6 helped the program surpass 1,000 firm orders.
Based on the consensus of 17 analysts, the stock is trading at about 23.4 times the expected earnings for the current fiscal year and 19.7 times those for the next fiscal year, compared to 17.9 on average for the Industrials sector. The event calendar remains packed: Oddo BHF Sustainability Forum on May 19, Airbus Defense Summit on May 20, and the Eurosatory show on June 17. Next key event: BNP Paribas CEO conference on June 4.
