Airbus shares decline by a whopping 4.5 percent in early trade on Thursday. This add up to their fall down in the previous session right after the profit forecast of the company dismayed its investors.
The company expects a flat profit in the year 2016. The forecast of the company surprised many investors who were expecting the plane maker’s new and upgraded model to boost the results for this year. With all these facts, it is not a surprise to know that the shares of Airbus marked down by 4.5 percent.
The stock of Airbus also experienced its biggest one-day drop- in more or less six years – last Wednesday as it decline by 10.4 percent. This one-day-drop reflects a wipeout worth 3.9 billion euros or $4.8 billion in the market value of the company. This roughly equates to the price of 12 sales of Airbus A380 jumbo jet.
On investor’s presentation’s second day on Thursday, Airbus put emphasis on the outlook for its Airbus A330 and its slow-selling Airbus A380. The current situation of the plane maker is definitely painful. There is no company that will be happy with a fall down result. Will Airbus be able to recover from this fall down or not?