Airbus on profit benefit to expand A320 production as sales rise

 

Airbus increased revenue by 6% in the third quarter to €14bn (€10bn; $15.4bn) compared with €13.3bn the year before. 

The company benefited from the strong dollar and growing sales across all its products.

Airbus plans to increase production of its A320 to 60 a month in 2019, from 42 now, capitalising on growing sales. 

Shares in Airbus rose 4.6% in early trading following the news.

The company's order intake increased 42% in the first nine months of 2015 compared with a year earlier.

The firm also announced a €1bn share buy back to be completed by mid-2016.