Airbus Group

Ticker AIR

Today's data summary

Market closed
% change
-2.44%
Price Euros
97.81
Change
-2.45
As of 19:00 15 Oct 2018
Market cap. Euros
75,929.46 million
As of 19:00 15 Oct 2018

Latest updates

Airbus set to name new boss?

Guillaume Faury
Reuters

Airbus is expected to announce Guillaume Faury, who is currently president of the planemaker's commercial aircraft division, as its new chief executive, according to reports.

The Frenchman would succeed current boss Tom Enders, who is due to leave the post next year.

Reuters cited an unnamed source as saying there was "a 50-50 chance" Mr Faury's appointment could be made this week.

Airbus Safran Launchers' promotional video for the Ariane 6
The design for Europe's new Ariane 6 rocket has been settled and the project is now set to move forward in its development.

Airbus profits tumble by 55%

A320neo engine engineers
Getty Images

Airbus, the European aerospace giant, has reported a sharp fall in interim profits - down 55% at €496m (£440.6m).

Sales were flat at €24.9bn.

Chief executive Tom Enders said: "The first half financials reflect the back-loaded deliveries due to A320neo engine shortages, while on the positive side there was a strong improvement on the A350 programme.

“A320neo aircraft deliveries picked up during the second quarter but challenges remain to meet our full year targets."