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Saudi Arabian low-cost carrier Flynas has agreed to buy five additional Airbus A330-900 aircraft and 20 additional A321neo jets, Airbus said on Wednesday, as the airline expands to meet growing demand in the kingdom and beyond.
BermudAir is ordering 10 Airbus A220 airplanes as it plans new routes to Bermuda, Anguilla, Belize, and Turks and Caicos, the startup airline said Wednesday.
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Airbus shares surged more than 7% on Wednesday after the European aerospace giant unveiled a €5 billion ($5.7 billion) share buyback programme and laid out ambitious medium-term financial targets, reinforcing investor confidence that easing supply-chain constraints and sustained demand for commercial and military aircraft will drive the company's next phase of growth. The announcement came alongside a new profitability roadmap under which Airbus expects adjusted earnings before interest and taxes (EBIT), its preferred gauge of profitability, to rise to between €12 billion and €13 billion by 2029, almost double last year's €7.13 billion and well ahead of its existing 2026 target of €7.5 billion.
The stock gained more than 7% after the group said it aimed to significantly boost its profitability in the coming years, betting demand will remain strong.
Airbus shares jumped almost 5% on Wednesday after the European planemaker launched a €5 billion ($5.7 billion) share buyback programme and unveiled new mid-term targets including a near doubling of profits by 2029.
Airbus SE (EADSY) Discusses Business Updates and Outlook Across Key Segments Transcript
Airbus expects to reach between €12 billion ($13.69 billion) and €13 billion ($14.83 billion) in adjusted earnings before interest and taxes in 2029, the European planemaker said on Tuesday.
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