Airbus posted higher than expected second-quarter earnings on Thursday and reaffirmed its full-year goals, as bottlenecks of undelivered aircraft began to ease and costs tumbled on the group's newest big jet, the A350.
Its shares rose more than 5 per cent to a record high.
Airbus is in the midst of its largest industrial overhaul since it was founded almost 50 years ago, replacing or updating its two most profitable product lines while simultaneously speeding up production to meet record air travel demand.
While the introduction of the A350 has gone relatively smoothly, showing "strong improvements" in costs as Airbus heads towards a production goal of 10 a month by end-year, the smaller A320neo continues to cause headaches.
Deliveries of the medium-haul jet, which generates most profit and cash for Europe's largest aerospace group, have been delayed by gaps in engine supplies from Pratt & Whitney, and to a lesser extent French-US CFM .
But Airbus reached a turning point in May as the queue of semi-finished planes clogging the tarmac outside European plants started heading lower having peaked at 100.
For the first time, Airbus said it had delivered more of the A320neo jets carrying new engines in the second quarter than the previous A320 version. But it said risks remained to its "challenging" delivery forecast of 800 in total this year.
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"It's certainly going to be a hell of a ride but the 800 aircraft delivery target is feasible," said chief executive Tom Enders.
"We have the engines, we have the airframes, but getting so many aircraft out of storage ... is not an easy task and requires additional resources which we are mobilising."
Airbus delivered 303 aircraft in the first half.
The Toulouse-based company said second-quarter adjusted operating earnings doubled to €1.15 billion (Dh4.95bn) as revenue rose 8 per cent to €14.85bn.
Analysts were on average predicting an adjusted operating profit of €1.01bn on revenue of €14.55bn, according to a Reuters survey.
Mr Enders said it was too early for Airbus to decide whether to raise production of the A350, despite Boeing sticking to plans to increase output of the rival 787 Dreamliner to 14 a month.
On smaller aircraft, he predicted Airbus overseas assembly plants in China and the United States would see their volumes increase by 50 per cent in coming years.
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
COMPANY%20PROFILE
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Moral education needed in a 'rapidly changing world'
Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.
Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.
"Moral education touches on every aspect and subject that children engage in.
"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.
"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."
Griselda
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The%20Specs
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From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5