Airbus Sheds More Than $10 Billion in Market Value After Slashing Guidance

Airbus AIR -10.98%decrease; red down pointing triangle lost more than $10 billion in market value after the group lowered its commercial aircraft delivery goal and cut financial targets for the year due to supply-chain hurdles and an impairment related to its space activities.

Airbus shares in Paris slumped more than 9% on Tuesday, giving the group a market value of around 107.86 billion euros ($115.79 billion), according to FactSet. The group’s market value stood at about €118 billion on Monday.

Source: WSJ