Airbus shares jump on €5 billion buyback, new guidance

Airbus shares jump on a €5 billion buyback and new guidance, as the European planemaker boosted profit targets and lifted investor expectations. On Wednesday, Airbus stock rose more than 5% after launching a three-year €5 billion share repurchase. The company also set a 2029 core profit target of €12 billion to €13 billion, up sharply from €7.13 billion of adjusted earnings before interest and taxes last year and well above the 2026 goal of €7.5 billion. Airbus expects its commercial aircraft business to generate around €10 billion in operating profit in 2029. While the year began with supply-chain and engine bottlenecks, deliveries accelerated, with first-half handovers up 15% year-on-year, supporting a positive delivery narrative. Deutsche Bank and J.P. Morgan cited the buyback and delivery execution as key to the rally.