Airbus posts higher than expected earnings

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Europe's Airbus firmed up plans to raise production of its best-selling A320-family narrowbody jets by 50% from current levels to a record 75 a month in 2025, as it posted higher-than-expected quarterly earnings today.

The world's largest planemaker is already restoring output for in-demand single-aisle models as pandemic travel restrictions fade away - with an interim target of 65 A320-family jets a month in summer 2023, up from 50 a month now.

Engine makers, who had led a rearguard action by suppliers worried about having to invest only to face overcapacity if Airbus's forecasts prove optimistic, partially opened the door to a hike last week by saying they had agreed quotas for 2024.

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