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First-half EADS profit down 51%
Airbus parent EADS posted first-half 2010 net income of €185 million ($241.7 million), down 51% from a €378 million profit in the year-ago period, but expressed optimism going forward owing to rebounding commercial aircraft sales. Large numbers of orders announced at this year's Berlin and Farnborough air shows "reflect an improvement in the commercial aviation market," CEO Louis Gallois said. EADS's first-half order intake jumped 79% year-over-year to €30.8 billion "due to higher commercial aircraft orders," the company stated.