Global Market: Airbus shares surge over 5% after €5 billion buyback, ambitious 2029 profit targets

Airbus shares surged over 5 percent after announcing a 5 billion euro share buyback programme and ambitious 2029 profit targets. The company aims for adjusted EBIT of 12 to 13 billion euros by 2029, nearly doubling last year's 7.13 billion euros and well above its prior 2026 target of 7.5 billion euros. First-half aircraft deliveries rose 15 percent year-on-year as supply-chain bottlenecks eased, boosting confidence across the global aerospace and defence sector.