mo4ch:>Airbus profits skyrocket while rival Boeing stumbles over 737 MAX crisis | Mo4ch News

Europe’s Airbus has beaten its own records with skyrocketing half-year profits, boasting a strong demand from airlines for its fuel-efficient jets. In contrast, US rival Boeing suffered huge losses over the 737 MAX grounding.Airbus revenues soared 24 percent in the first half of 2019 to €30.1 billion ($33.6 billion), while net profit grew to €1.2 billion compared to €496 million in the same period last year, the plane maker’s chief executive Guillaume Faury said during a conference call on Wednesday.Also on rt.comBoeing better ‘get their s**t together,’ Ryanair boss says as 737 MAX delays drag onThese results follow Tuesday’s announcement that Air France-KLM placed a weighty order for 60 of Airbus’ new Canadian-made A220-300 planes for short- and medium-haul flights – an illustration of the growing demand for Airbus airliners. Most of the profit reported, however, came from increased production of the company’s highly popular A320 single-aisle planes. Since the start of the year, Airb…