PARIS, Oct 28 (Reuters) - Europe's Airbus raised
full-year financial targets after a narrower-than-expected dip
in third-quarter profits, and stuck to a goal of delivering 600
jetliners this year after driving down costs during the
pandemic.
The world's largest commercial planemaker posted a 19% drop
in third-quarter operating profit to 666 million euros ($772.7
million) as revenues slipped 6% to 10.518 billion.
It said it was looking for full-year operating profit of 4.5
billion euros and free cashflow of 2.5 billion, up from previous
targets of 4 billion and 2 billion respectively.
Airbus delayed some planned production increases after a
week in which several aerospace firms warned of supply shortages
but rounded up its main A320-family narrowbody production target
to 65 a month by summer 2023, slightly later than planned.
In May, Airbus said it was calling on suppliers to secure a
firm rate of 64 a month by second-quarter 2023.
($1 = 0.8619 euros)
(Reporting by Tim Hepher;
Editing by Sudip Kar-Gupta)