Europe's Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output.
The world's largest planemaker said adjusted earnings before interest and tax rose 34% to 1.845 billion euros ($2.04 billion)as revenues grew 24% to 15.9 billion euros, buoyed by higher jet deliveries.
Analysts had forecast quarterly operating profit of 1.725 billion euros on revenues of 15.867 billion, according to a company-compiled consensus.
Airbus said it was "progressing well" towards a widely watched production goal for its best-selling A320neo-family jets of 75 jets a month in 2026, which it reaffirmed.
One senior supplier said the decision would not help Airbus' credibility as it encourages suppliers to hire and invest.
Persons:
Guillaume Faury
Organizations:
Airbus, Industry
Locations:
Colomiers, Toulouse, France, Paris