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Airbus shares jump 4%, despite new A400M charge

Airbus Group reported a 6 percent rise in first-half core operating profit and revenue on Friday and confirmed its full-year financial forecasts, led by passenger jets and helicopters.


A military transport Airbus A400M on September 30, 2013, pictured in France
Alain Jocard | AFP Getty | Images
A military transport Airbus A400M on September 30, 2013, pictured in France

Paris-listed Airbus shares jumped 4 percent on the news to lead the benchmark CAC 40.

Chief Executive Tom Enders said in a statement that the world's second-largest aerospace firm behind Boeing was focusing on operational priorities like the ramp-up in production of its A350 passenger jet and the troubled A400M military transporter.

Cumulative provisions on Europe's largest defence project topped 5 billion euros ($5.47 billion) as Airbus took a fresh charge of 290 million on new A400M development delays caused by the fatal crash in May of a transporter during a test flight.

Reuters reported on Thursday that the accident had led to new development delays of up to three months.

Airbus Group booked a 748 million euro gain from the sale of an 18.75 percent stake in Dassault Aviation.