Airbus raises delivery and profit forecasts after strong first-half

[PARIS] 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 (S$6.37 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.

REUTERS