Airbus parent EADS reported first-quarter net income of €103 million ($129.7 million), down 39.4% from a €170 million profit in the year-ago period, and said it remains behind on A380 production, a program that "continues to weigh significantly on the underlying performance."
CFO Hans Peter Ring admitted, "We are still trying to reduce the amount of outstanding work on the A380." He predicted 20 will be delivered this year, well below the 45 originally slated for 2010.
Airbus parent EADS reported first-quarter net income of €103 million ($129.7 million), down 39.4% from a €170 million profit in the year-ago period, and said it remains behind on A380 production, a program that "continues to weigh significantly on the underlying performance." CFO Hans Peter Ring admitted, "We are still trying to reduce the amount of outstanding work on the A380." He predicted 20 will be delivered this year, well below the 45 originally ...
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