Airbus Earnings: Deliveries Back on Pace After a Sluggish First Quarter; Shares Slightly Overvalued
Airbus reported EUR 20.5 billion in second-quarter sales, with commercial aircraft rebounding 37%, helicopter sales flat, and defense sales up 10% from the year-ago quarter. Earlier disruptions to its assembly line were resolved, allowing Airbus to more than double deliveries to 251 jets.