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Airbus Earnings Jump on Higher Output of Rival to Boeing Max

Airbus SE earnings surged in the first quarter as the European planemaker churned out higher numbers of the A320 narrow-body jet that’s the biggest global rival to Boeing Co.’s grounded 737 Max.

The company delivered 126 A320s, a model that appears to have overcome a run of engine manufacturing faults just as the 737 faces questions about its future after two fatal crashes in five months.

Adjusted earnings before interest and tax jumped almost 40-fold to 549 million euros (US$614 million), according to a statement Tuesday, providing a solid starting point for Chief Executive Officer Guillaume Faury, who took over from long-time head Tom Enders on April 10.

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