Airbus Group 3Q profits drop 87% as new variants ramp up

Credit: Airbus
Airbus Group recorded a third-quarter net profit of €50 million ($56 million), an 87% drop from the year-ago figure of €376 million. The figure was achieved on revenue of €14 billion, down just 1% from the year-ago quarter. The drop in revenue was because of problems at the Group’s defense and space...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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