Airbus first-quarter profit hit by engine delays, cuts A330 output
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April 27, 2018
PARIS (Reuters) - Airbus (AIR.PA) posted a slender first-quarter profit after delays in engine deliveries for its A320neo passenger jet, and it also cut production of the larger A330 due to weak demand.
Europe's largest aerospace group reported an adjusted quarterly operating profit of 14 million euros ($17 million), compared with a restated year-earlier loss of 19 million. Revenues fell 12 percent to 10.119 billion euros. Airbus reaffirmed forecasts.