Airbus Targets €12- €13 Bln Adj. EBIT For FY29; Confirms €5 Bln Share Buyback

Airbus has outlined a new profit target and confirmed a shareholder return move, projecting adjusted EBIT of €12 billion to €13 billion by 2029. The company linked the forecast to an assumed euro-to-U.S. dollar exchange rate of 1.22, and said its Board of Directors approved a €5 billion share buyback programme to be carried out over the next three years. Airbus stated the buyback would be executed by management under terms approved by the board and would still require shareholder approval. Alongside the longer-term outlook, Airbus reaffirmed its earlier fiscal 2026 guidance of around 870 commercial aircraft deliveries and adjusted EBIT of about €7.5 billion. Trading information cited the company’s OTC Markets close at $56.80, up $2.38 or 4.4% on Tuesday.