Airbus sticks with plan to raise production of its jets, shares rise
Airbus on Thursday confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India.
Unveiling a stronger than expected turnaround in first-quarter profit, CEO Guillaume Faury said domestic air travel is rebounding in China and the United States while cross-border travel is likely to remain weak for some time.
Conflicting policies on quarantines, lockdowns and testing have disrupted Europe’s single aviation market: one reason why Faury said he remained cautious even while planning to raise output in the second half to serve travel demand elsewhere.
