Airbus has posted strong third quarter earnings, with a 42 per cent increase in net profits. Airbus' share price rose five per cent to €63.72 on the news.
Airbus reported revenues of €14.1bn (£10.1bn) in the three months to the end of September, up six per cent from €13.3bn for the same period year ago.
Earnings before interest, tax and one-offs increased 12 per cent to €921m, from €821m a year ago.
Net income rose 42 per cent to €376m, from €264m for the same period a year ago.
The company took the opportunity of its results to spread the cheer to its shareholders, unveiling a €1bn share buyback programme.
Why it's interesting
The world's airlines have been on a shopping spree, and Airbus, one of Europe's largest aviation and defence manufacturers, has been one of the chief beneficiaries.
By unit, commercial aircraft drove the vast majority of revenue, accounting for €10bn, while defence and space accounted for €2.85bn and helicopters brought in €1.47bn.
Meanwhile, increased revenue was "driven mainly by a favourable foreign exchange impact".
What Airbus said
The healthy commercial aircraft market, robustness of our backlog and supply chain capability allows us to raise the single-aisle production rate to 60 a month in mid-2019. We are strongly focused on programme execution given our key operational challenges with the A350 and A400M production ramp-ups and A320neo.
Airbus posted strong results with a positive outlook as it announced a €1bn share buyback.