Business
Airbus Logs Strong Earnings, Flags Confidence After Boost in Deliveries
Airbus AIR -2.81%decrease; down pointing triangle posted sharply higher earnings for the second quarter and said a recent uptick in plane deliveries made it confident that it would be able to meet its annual target.
The European aircraft maker said adjusted earnings before interest and taxes—its preferred measure of profitability—jumped 54% on year to 2.43 billion euros, equivalent to $2.77 billion. Meanwhile, net profit more than doubled to €1.66 billion.
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