<p>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.</p>.<p>The world's largest commercial planemaker posted a 19 per cent drop in third-quarter operating profit to 666 million euros ($772.7 million) as revenues slipped 6 per cent to 10.518 billion.</p>.<p>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.</p>.<p>Analysts were on average expecting quarterly operating profit of 623 million euros on revenues of 10.651 billion, according to a company-compiled consensus.</p>.<p>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.</p>.<p>In May, Airbus said it was calling on suppliers to secure a firm rate of 64 a month by second-quarter 2023.</p>.<p>A quarterly earnings statement made no mention of studies on potential increases to 70 or 75 a month which it had announced in May. Leasing companies, engine makers and other suppliers have questioned whether there is enough demand for this.</p>.<p>An industry source said Airbus continues to study higher production rates, while others said there was no agreement so far with key suppliers.</p>.<p>In other programmes, Airbus said on Thursday it would lift A330 output from 2 a month to almost 3 at the end of 2022, following recent sales to airlines such as Germany's Condor.</p>.<p>It reiterated it would increase production of the newer A350 wide-body jet from 5 to 6 a month, but delayed implementation to early 2023 from autumn 2022.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>
<p>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.</p>.<p>The world's largest commercial planemaker posted a 19 per cent drop in third-quarter operating profit to 666 million euros ($772.7 million) as revenues slipped 6 per cent to 10.518 billion.</p>.<p>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.</p>.<p>Analysts were on average expecting quarterly operating profit of 623 million euros on revenues of 10.651 billion, according to a company-compiled consensus.</p>.<p>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.</p>.<p>In May, Airbus said it was calling on suppliers to secure a firm rate of 64 a month by second-quarter 2023.</p>.<p>A quarterly earnings statement made no mention of studies on potential increases to 70 or 75 a month which it had announced in May. Leasing companies, engine makers and other suppliers have questioned whether there is enough demand for this.</p>.<p>An industry source said Airbus continues to study higher production rates, while others said there was no agreement so far with key suppliers.</p>.<p>In other programmes, Airbus said on Thursday it would lift A330 output from 2 a month to almost 3 at the end of 2022, following recent sales to airlines such as Germany's Condor.</p>.<p>It reiterated it would increase production of the newer A350 wide-body jet from 5 to 6 a month, but delayed implementation to early 2023 from autumn 2022.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>