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Bloomberg
Airbus SE promised 20 percent earnings growth this year — pushing the stock up the most since 2008 — so long as it can iron out persistent manufacturing problems on two key aircraft programs.
The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent after the Toulouse, France-based company assured investors it can top last year’s output and build 800 aircraft desp-ite the engine issues that have slowed production of its top-selling A320neo short-haul jet.
Airbus’s struggles with the narrow-body model and the A400M military transport plane have at times overshadowed the benefits of a surge in commercial aircraft sales.