Airlines are getting grounded jets back into the air. The bills left by a years-long engine crisis are proving much harder to bring down.
An Air India Airbus A320 that dropped about 300 feet this month, injuring 24 people on board, briefly lost key flight controls after registering losses in all three hydraulic systems, according to a preliminary Airbus analysis reviewed by Reuters.
Passengers on a trip from South Africa to London faced a 7-hour flight to nowhere. The British Airways Airbus A380 was already over five hours delayed before it took off.
Airbus needs to deliver an average of 90 jets a month between now and the rest of the year to meet its target after posting flat deliveries in July, company data showed on Friday.
Airbus said on Wednesday it had paid just over £6.4 million to UK revenue and customs authorities to settle a two-year-old investigation into export control violations.
The European plane maker said adjusted earnings before interest and taxes—its preferred measure of profitability—jumped 54% on year to €2.43 billion.
Airbus maintained financial and industrial forecasts as it unveiled stronger-than-expected second-quarter revenues and core profits on Wednesday, lifted by higher jetliner deliveries and gains in defence.