Airbus raises delivery and profit forecast after strong performance in the first half of the year Reuters

© Reuters. File photo: On July 2, 2020, the Airbus logo was photographed at the entrance of the Airbus facility in Bouguenet, near Nantes, France. REUTERS/Stephane Mahe

PARIS (Reuters)-After the European Airbus announced a better-than-expected half-year performance on Thursday, it significantly raised its expectations for full-year deliveries and earnings.

The world’s largest commercial aircraft manufacturer stated that it expects to deliver 600 aircraft in 2021 and raises its operating income forecast to 4 billion euros (4.7 billion US dollars). It also forecasts that its free cash flow before mergers and acquisitions and customer financing is 20 Billion euros.

The company had previously expected to match last year’s 566 aircraft deliveries, while forecasting operating profit of 2 billion euros and free cash flow to break even.

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