Airbus parent EADS reported a net loss of €446 million ($685.3 million) for 2007, reversed from a net profit of €99 million the previous year, as the company was hurt by Power8 restructuring costs, A350 XWB program startup charges, the declining value of the US dollar and a 6-12-month delay to the A400M military transport aircraft program. EADS claimed it delivered "a strong business performance in 2007 while experiencing significant challenges," noting that Airbus's net ...

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