Airbus earnings soar on the back of Boeing woes

Airbus earnings surged in the first quarter as the European planemaker churned out higher numbers of its A320 narrow-body jet, which is the biggest global rival to Boeing’s grounded 737-Max.

Airbus delivered 126 A320s, a model that appears to have overcome a run of engine manufacturing faults just as the 737 faces questions about its future after two fatal crashes in five months.