Airbus SE reported first-half revenue of €29.61 billion and adjusted EBIT of €2.20 billion, helped by a second-quarter operating profit of €1.58 billion that exceeded analysts’ €1.44 billion consensus. Earnings per share reached €1.93, although adjusted free cash flow remained negative at €1.61 billion as the manufacturer ramped output of its A320-family jets. The company left its 2025 guidance unchanged. International Airlines Group, the owner of British Airways, Iberia and Aer Lingus, posted a first-half net profit of €1.301 billion, a 43.8% increase from a year earlier, on revenue of €15.91 billion. The carrier grew passenger capacity by 2.7% and maintained an 84.1% load factor, but scaled back its full-year capacity expansion plans amid concerns over aircraft-engine reliability and air-traffic-control constraints. IAG reaffirmed a 2025 capital-expenditure target of about €3.7 billion and said British Airways remains on course to achieve a 15% operating-margin goal by 2027, supported by gradually improving transatlantic demand.