Airbus posts higher than expected earnings

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 61%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines