Airbus Profit Jumps as It Lifts Output of Rival to Boeing’s Max
- Production of A320-series picks up, though concerns remain
- New orders thin on the ground with backlogs at record levels
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Airbus SE earnings surged in the second quarter, helped by a ramp up in deliveries of a narrow-body model that rivals Boeing Co.’s grounded 737 Max.
Adjusted profit before interest and tax increased 72% to 1.98 billion euros ($2.2 billion), beating estimates, as Airbus handed over close to 300 of the A320 planes. Four-fifths of the jets were the revamped Neo version, according to a statement Wednesday.