Airbus raises profit outlook as supply bottlenecks ease

Airbus updated its financial outlook for investors, saying easing supply-chain constraints should support stronger production and profit growth through 2029. According to <em>Bloomberg</em>, the European planemaker now expects adjusted annual operating profit of EUR12 billion-EUR13 billion (US$13.71 billion-US$14.84 billion) by 2029, nearly double current levels, and it plans a EUR5 billion (US$5.71 billion) share buyback over the next three years.