Airbus Problems Hurt EADS Profits | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

Airborne Hi-Def On YouTube

Airborne 05.18.15

Airborne 05.19.15

Airborne 05.20.15

Airborne 05.21.15

Airborne 05.22.15

 

Thu, Nov 09, 2006

Airbus Problems Hurt EADS Profits

Loses $245 Million In Quarter

A major European aerospace company saw a lot of red in the third quarter of this year. The European Aeronautic Defense and Space company, or EADS, reported Wednesday it lost hundreds of millions in the third quarter, due to problems at its Airbus subsidiary.

EADS reports it lost $245 million in Q3... compared to a profit of $355 million for the same period a year ago.

What's the difference? Well, a year ago the A380 superjumbo program was still on track for deliveries to begin right about now. The planemaker's midsized A350 was also expected to enter service in 2010... but that was then, and this is now.

The A380 is now delayed an additional 11 months. The A350 program is also in limbo, awaiting final approval for a costly redesign that, even in the best-case scenario, will give its Boeing 787 competition an almost five-year head start in the marketplace.

Analysts fear bad news for the A380 will also mean less funds available for its smaller cousin... pushing that date out even further.

Airbus is expected to announce its plans for the A350 over the next few weeks. It isn't a stretch to say the board at EADS will be VERY interested to see what they have to say.

FMI: www.eads.com, www.airbus.com

Advertisement

More News

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Airborne 05.22.15: Falcon 5X Readies, Avidyne AD, LadiesLoveTaildraggers 2015

Also: Air Power Museum, ANN Could Use A Little Help From Its Friends, GE Honda, Mexican-Registry TBM 900, Legacy 500, BBJ Winglets, Wheels Up Order The new Falcon 5X is getting clo>[...]

Airborne 05.21.15: Unlawful Photography? REALLY?, VA Flt Benefits, Pilatus 5M

Also: Aerion Takes Orders, API Partner EAA, 'Fly Along' Case Resolved, BASE Jump Tragedy, Electromagnetic Catapult, Gulfstream G650ER, Piper M500 With the FAA still stuck in the mu>[...]

ANN's Daily Aero-Linx (05.23.15)

The Air Care Alliance The Air Care Alliance is a nationwide league of humanitarian flying organizations whose volunteer pilots are dedicated to community service.>[...]

ANN's Daily Aero-Term (05.23.15): Frise-Type Aileron

An Aileron having the nose portion projecting ahead of the hinge line. When the trailing edge of the aileron moves up, the nose projects below the wing's lower surface and produces>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC