Key insights
- Airbus CEO reports no jet order cancellations despite fuel cost pressures and industry turmoil, indicating resilient long-term demand for new aircraft. While airlines face higher fuel expenses due to geopolitical events, this has not yet led to a significant pullback in orders. The aerospace sector appears stable in the short term regarding order books, though ongoing geopolitical tensions and fuel supply disruptions remain a watchpoint for future impacts.
BERLIN, June 9 (Reuters) - Airbus CEO Guillaume Faury said he is not seeing any demand for cancellations of jet orders despite recent turmoil that has left the airline industry battered, speaking at an industry event on Tuesday.
Faury, head of Europe’s largest aerospace group, said airlines had "been through hell" in recent years but were still holding onto their order books, underscoring resilient long-term demand for new aircraft.
Global airlines are grappling with higher fuel costs driven by the U.S. and Israel’s war with Iran, which has squeezed jet fuel supplies and disrupted key air corridors, forcing carriers into costly detours, but Faury said this had yet to translate into any meaningful pullback in orders.
Most traders can read a chart. The hard part is the moment: entry window open, pattern forming, and you're still waiting for more confirmation. That's the conviction gap — and our chart analysis closes it. Unlike other AIs that just read data, our Vision AI literally "sees" your charts and hands you a complete trading plan: entry, stop-loss, and profit target in under 60 seconds. Know exactly what to do next, every time.