Airbus initiates €5B buyback and upgrades outlook

Airbus announced the launch of a share buyback program valued at 5 billion euros, which led to its stock rising by more than 5%. The company also revealed new mid-term targets to increase profits to approximately 12-13 billion euros by 2029, up from the 2022 profit of 7.13 billion euros. Airbus expects the commercial aircraft sector to achieve operating profits of around 10 billion euros by 2029, supported by increased delivery operations that rose by 15% in the first half of the year, despite supply chain challenges.

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