Airbus profits take off as deliveries soar ...Middle East

Daily Sun - News
Airbus profits take off as deliveries soar
source : Daily Sun ( Middle East ) () 3
PARIS: Airbus said Thursday it had bounced back strongly into profit in the first half of the year as aircraft deliveries rose, leading the company to revise its performance forecasts upwards.Airbus posted a net profit of 2.2 billion euros (RM 11 billion) for the first six months, compared to a loss of 1.9 billion last year as the airline industry was walloped by the Covid-19 pandemic.Airbus said it delivered 297 aircraft between January and June against 196 last year.As clients pay most of the cost of the aircraft upon delivery, revenues jumped 30 percent to 24.6 billion euros (RM 123.2 billion).The European plane manufacturer now expects to deliver 600 planes this year, instead of the prev

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