Anchored by Airbus's negative EBIT of €69 million ($93.4 million), parent EADS reported a €10 million net loss in the first quarter, reversed from a profit of €522 million in the year-ago period. EADS Co-CEOs Tom Enders and Louis Gallois said that "Airbus had a challenging time" during the quarter and "will display another substantial loss in 2007 attributable to charges for the Power8 restructuring, further costs to support the A380 program, potential A350 XWB launch ...

Subscribe to Access this Entire Article

"EADS posts €10 million loss owing to 'challenging' Airbus situation" 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?

Already registered? here.