Airbus posts 31% net profit drop in 1Q; cuts A330/A330neo production

Credit: Airbus
Airbus reported a €283 million ($349 million) net profit in the March quarter, down 31% from €409 million a year earlier. The Toulouse-based manufacturer cited supplier delays in the A320neo program as the main cause for the profit drop. Revenue fell 12% year-over-year to €10.1 billion. Because the...
Jens Flottau

Based in Frankfurt, Germany, Jens is executive editor and leads Aviation Week Network’s global team of journalists covering commercial aviation.

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