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FRANKFURT, Germany – (AP) – European aircraft manufacturer Airbus posted net income of 1.87 billion euros ($ 2.2 billion) in the second quarter and raised its outlook for aircraft deliveries as the aviation sector moves amid the devastating effects of the COVID-19 pandemic stabilized.
On Thursday, Airbus expects a loss of 1.44 billion euros over the same period last year when the first big wave of pandemic restrictions disrupted travel and business.
In the first six months of this year, the company delivered 297 aircraft compared to 196 in the previous year. When air traffic begins to return to more normal levels. Airbus now expects to deliver 600 aircraft in 2021, more than its previous sales forecast of at least 566.
But things are hardly back to normal; after numerous cancellations, the company only booked net orders for 38 aircraft in the first six months.
The improvement at Airbus follows the news on Wednesday that competitor Boeing posted its first quarterly profit after six consecutive quarters of losses.
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