Airbus lowers A220 production target due to supply concerns and engine upgrades, aiming for 12 jets a month in 2026 instead of 14. CEO Faury remains optimistic about reaching the higher rate but did not provide a timeline for profitability.

Airbus reports a 38% rise in third-quarter operating profit to 1.94 billion euros, beating analyst expectations. The company reaffirms financial forecasts, including production rates for A320neos and commercial jet deliveries for 2025.

Airbus faces challenges with engine shortages, leading to backloaded deliveries and a backlog of 32 aircraft awaiting engines. Faury pressures partner Dassault Aviation in a fighter project, stating commitment to the project despite disagreements over work split.

Boeing posts an adjusted third-quarter loss of $7.47 per share, missing expectations, and takes a nearly $5 billion hit on its delayed 777X program.

Read more at Yahoo Finance: Airbus cuts production rate target for its A220 jet