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Airbus posts higher quarterly profit, maintains forecasts

Airbus posts higher quarterly profit, maintains forecasts

Reuters5 days ago
PARIS, July 30 (Reuters) - European planemaker Airbus (AIR.PA), opens new tab on Wednesday posted a higher-than-expected second-quarter profit, boosted by its defence and helicopter units, and maintained full-year forecasts as it aims to catch up on delayed jetliner deliveries.
The world's largest jetmaker - which also makes satellites, fighters and civil and military helicopters - said its widely watched adjusted operating profit almost doubled to 1.58 billion euros as revenues remained broadly flat at 16.07 billion euros.
It also announced plans to raise production for its A330neo jet to 5 aircraft a month in 2029 to meet buoyant demand, while keeping other production targets unchanged.
Analysts were on average expecting adjusted operating income of 1.47 billion euros on revenues of 15.78 billion euros in the second quarter, according to a company-compiled consensus.
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