Investing
AIRBUS EARNS DROP ON LOSS-MAKING A380
PARIS (AP) — Airbus says its net profit slumped in the third quarter as it delivered more of its loss-making A380 superjumbos.
The European jet maker reported net profit of 264 million euros ($328 million) in the July to September quarter, down 41 percent from 445 million euros a year earlier.
Airbus delivered nine of its A380 superumbo jets in the quarter, up from four a year earlier. The A380 remains loss-making seven years after the first of the 525-seater jets entered service in 2007, and Airbus has delivered 144 of them since then.
In a statement Friday Airbus also warned that its A400M military transport aircraft program is being reviewed due to “negative cost and risk evolution,” and that the financial impact would be disclosed in its full-year accounts.
-
Business3 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Top Stories3 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Investing3 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories3 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says