4 Hrs
Source:
Sky News
Airbus targets doubling profits by 2029
European Airbus expects its operating profits to nearly double by 2029, aiming for adjusted earnings between 12 and 13 billion euros annually, with a share buyback program of 5 billion euros set to begin over the next three years. These expectations come after the company's recovery from long-standing manufacturing issues, such as engine malfunctions and parts shortages, which recently disrupted production. Airbus also plans to surpass production targets, especially for the A350 aircraft, and is working to strengthen its position relative to its competitor Boeing.
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