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 07.06.15

Airborne 07.07.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 07.03.15

Airborne Hi-Def On YouTube

Airborne 07.06.15

Airborne 07.07.15

Airborne 07.01.15

Airborne 07.02.15

Airborne 07.03.15

 

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 07.06.15: Solar Impulse 2, FAA Reauth Delay, Airline Investigation

Also: SpaceX Test, The G500, Senate Appropriations, TSA Causes Cash Confiscation, NASA v Thunderstorms, Virgin Atlantic Cuts, Bristow Scholarship Even those of us who love flying w>[...]

Airborne 07.06.15: Solar Impulse 2, FAA Reauth Delay, Airline Investigation

Also: SpaceX Test, The G500, Senate Appropriations, TSA Causes Cash Confiscation, NASA v Thunderstorms, Virgin Atlantic Cuts, Bristow Scholarship Even those of us who love flying w>[...]

Patty Wagstaff Seeks To Crowdfund A New Airplane

Looks For Donations From The Public With A Goal Of $450K Patty Wagstaff has been flying airshows for more than 25 years. She's an inductee in the National Aviation Hall of Fame ...>[...]

Airborne 07.03.15: New Trig Avionics, Cargo Biz Grows, iOS GPS Fix

Also: 'No Drone Zone', Aviation v Media, Women's Air Race Classic, Houston Spaceport, Navy's New A/C Launch System, GA Fly Safe, FAA InFO Trig Avionics tells us they are unveiling >[...]

AeroSports Update: Red Bull Race Results Are In

Arch Grabs Second Straight Win With Thrilling Victory In Budapest As if the action of Red Bull Racing is not enough, the stunning background provided by the race setting in Budapes>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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