Europe’s Airbus raised full-year financial targets after a narrower-than-expected dip in third-quarter profits, and stuck to a goal of delivering 600 jetliners this year after driving down costs during the pandemic.
The world’s largest commercial planemaker posted a 19 per cent drop in third-quarter operating profit to 666 million euros ($772.7 million) as revenues slipped 6 per cent to 10.518 billion.
It said it was looking for full-year operating profit of 4.5 billion euros and free cashflow of 2.5 billion, up from previous targets of 4 billion and 2 billion respectively.
Analysts were on average expecting quarterly operating profit of 623 million euros on revenues of 10.651 billion, according to a company-compiled consensus.
