Airbus parent EADS reported first-half net income of €403 million ($632.7 million), a better-than-fivefold increase over a €71 million profit in the year-ago period, but said that owing to the declining value of the US dollar it will unveil a revamped restructuring plan later this year called Power8Plus. Airbus's original Power8 program was designed to achieve €5 billion in cumulative savings in 2007-09 and to cut costs by €2.1 billion annually from 2010. "To maintain ...

Subscribe to Access this Entire Article

"EADS, Airbus report strong first-half performance, announce Power8 Plus" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.