A more conservative Airbus can gain altitude

A decision by Airbus to fly under the radar could be wise.

Shares of the European aircraft maker initially rose on Thursday after posting encouraging financial results for the last quarter. Operating profit was 11% higher than analysts’ median estimate. Free cash flow, which is even more important for aerospace companies, was almost twice as high as expected for the quarter and came to 3.5 billion euros, or $4 billion, for the year. of 2021. This echoes a better than expected cash performance at Boeing, its US rival.


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