© Reuters. FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe
PARIS (Reuters) – Europe’s Airbus sharply raised its forecasts for full-year deliveries and earnings after reporting better-than-expected half-year results on Thursday.
The world’s largest commercial planemaker said it expected to deliver 600 aircraft in 2021, and doubled its forecast for operating income to 4 billion euros ($4.7 billion) while predicting 2 billion euros of free cash flow before mergers and acquisitions, and customer financing.
It had previously expected to match last year’s 566 jet deliveries while forecasting 2 billion euros of operating profit along with a breakeven in free cashflow.
($1 = 0.8435 euros)
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