Airbus with biggest contract in aviation history ✈

German giant Airbus (AIR.DE) has received a record order for 500 jets from IndiGo, India's largest airline. The company will supply A320 aircraft - the deal was officially announced today at the Paris Air Show, where the new orders were also announced by several other companies including MTU Aero Engines (MTX.DE), US-based HEICO (HEI.US) and Boeing (BA.US), which intends to increase production of 737 models due to growing demand. 

• Airbus estimates that Asia will become the world's largest aviation market. India's aviation market is currently growing the fastest in the world, with India's population surpassing that of China this year. In addition, Indian politicians are encouraging airlines to make as many aircraft purchases as possible and are allocating $12 billion - for airport expansion.  
• The previous record for orders also belonged to India, with Air India ordering a total of 470 aircraft from Airbus and US-based Boeing in February. The market welcomed the news but Airbus shares are trading only slightly up 0.3%. The Airbus share price is now only 75 below its all-time-highs from 2019.

Airbus (AIR.DE) shares still haven't managed to beat the historical peaks of 2019, near €140 per share. The share price is still recovering from pandemic losses. The main line of support is set by the SMA100 (black line) at €123 per share and the 23.6 Fibonacci abolition of the March 2020 upward wave, near €115. Source: xStation5

Airbus' net margin and net profits have definitely improved since 2020 although revenues are still far from record highs. Source: XTB ResearchThe average analyst consensus indicates that Airbus shares have the potential to climb to new historical peaks in the long term. Source: XTB Research