Thursday, 26 July 2018

Airbus shares soar on higher profits more than doubled in the second quarter



Profits at Airbus, Europe's largest aerospace company, more than doubled in the second quarter despite a slow start to 2018.

 
Bottlenecks of undelivered planes began to ease, while costs relating to its newest big jet, the A350, were down.


After a series of engine manufacturing issues caused delays, chief executive Tom Enders said deliveries had "picked up", but "challenges remain".


The results sent Airbus shares to a new record high of €111 in Paris.


The company has faced a backlog of up to 100 A320neo jets parked outside factories without their engines.
Many of the engines, which have been beset by glitches, are made by US-based manufacturer Pratt & Whitney.




BBC       News.