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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne On ANN

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

Airborne-HD On YouTube

ADR 02.20.17

Airborne 02.20.17

Airborne 02.21.17

Airborne 02.22.17

Airborne 02.23.17

Airborne 02.17.17

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

Infamous RV-10 Lawsuit Against Van's Aircraft Dismissed

Years of Wasted Effort, Resources, and Worry Signal Ongoing Defects In US Tort Law When the news first came out, in 2015, that Van's Aircraft was sued for a considerable amount of >[...]

Airborne 02.22.17: CAF Dixie Wing P-63A, AF1 Price Cut, SLS Manned Flt?

Also: Drone Light Show, Remotely Piloted Helos, TFR Busts, Gulfstream, XTI Aircraft, CA Airlines, Icelandair After more than 40 years since it’s last flight, the Commemorativ>[...]

AMA Drone Report 02.20.17: DJI & AMA Team Up, MultiGP, Drone Advisory Committee

Also: Another Dumb FL Drone Law, AMA Expo East!, Spaceport America Drone Summit DJI and AMA have launched a joint program to promote safe and responsible drone operations, train pu>[...]

Airborne 02.21.17: NASA 'Space Poop' Challenge, Drone Advisory, Boeing

Also: Alphabet Balloons, Aero-Calendar, DJI-AMA, Solar Research, Dreamliners, F-35, ALPA NASA Johnson Space Center, in partnership with NASA Tournament Lab and online crowdsourcing>[...]

GA Aircraft Shipments And Billings Down Almost Across The Board

Only Uptick Was In Turboprop Airplanes, Turbine Helicopters Hit Hard The news is pretty much all bad, and some of it is really bad, in the GAMA 2016 year-end report of aircraft shi>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC