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 company built up a massive inventory of unfinished aircraft, Airbus reported a €3.8 billion negative free cash flow for the quarter. Airbus also announced it will ...

Subscribe to Access this Entire Article

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