Airbus to ramp up deliveries to meet earnings targets
Problems building some of its newest planes and other missteps have hobbled Airbus Group for months and are forcing the plane maker to go full throttle to meet full-year earnings targets. The company is pledging to push more than 208 planes out the door in the last 3 months of the year, an unusually large number, including almost doubling delivery of its new A350 long-range jet. To generate the promised earnings before exceptional items on par with last year's E4.1b (US$4.5b), Airbus CFO Harald Wilhelm said the plane maker will ship more than 670 jetliners this year, or at least 20 more than initially promised. Airbus investors have been anxious that delays on the A350 plane and an updated version of the company's popular single-aisle plane, the A320neo, would cause earnings to fall short. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-27/general/airbus-to-ramp-up-deliveries-to-meet-earnings-targets
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Airbus to ramp up deliveries to meet earnings targets
Problems building some of its newest planes and other missteps have hobbled Airbus Group for months and are forcing the plane maker to go full throttle to meet full-year earnings targets. The company is pledging to push more than 208 planes out the door in the last 3 months of the year, an unusually large number, including almost doubling delivery of its new A350 long-range jet. To generate the promised earnings before exceptional items on par with last year's E4.1b (US$4.5b), Airbus CFO Harald Wilhelm said the plane maker will ship more than 670 jetliners this year, or at least 20 more than initially promised. Airbus investors have been anxious that delays on the A350 plane and an updated version of the company's popular single-aisle plane, the A320neo, would cause earnings to fall short. <br/>
