Airbus Reaps Rewards of Rising Plane Production

Mony
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TOULOUSE, France—Shares in Airbus SE on Thursday soared 9% after the European plane maker signaled it was starting to cash in on higher plane production and joined rival Boeing Co. in promising to build even more airliners.

Airbus delivered a record 718 planes in 2017 helping it generate a better-than-expected €2.95 billion ($3.68 billion) in free cash flow before mergers, acquisitions and customer financing. It had targeted about €1.4 billion, on par with the year-earlier period. The rise signals Airbus is starting to turn…

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