Europe's Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output.
A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier/File Photoon Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed financial goals for the year, while removing an interim industrial target on the route to record jet output.
Analysts had forecast quarterly operating profit of 1.725 billion euros on revenues of 15.867 billion, according to a company-compiled consensus. Chief Executive Guillaume Faury denied the decision to retire the interim target from the company's official releases signalled any lack of confidence in its production plans.
However some suppliers were surprised by the decision to remove the target. Airbus told them during the Paris Airshow last month that it saw "no change" to its goals, they said.
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