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Airbus Q1 profit down 4.6%

: Wednesday, May 14 - 2014 @ 01:55

European planemaker, Airbus Group, has said its first-quarter operating income before one-off items fell 4.6% to €700m ($963m), as revenue rose 5% to €12.6bn, Reuters has reported. Revenue at Airbus Helicopters rose 14%, and operating profit at the former Eurocopter unit almost trebled, compared with the same quarter a year ago when flight restrictions in the wake of a series of incidents hit Super Puma deliveries and services. Defence and Space operating profit rose marginally, as the company announced an end to a stand-off with Turkey over delivery of the first A400M, Europe’s military transporter developed by Airbus.

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Wednesday, May 14- 2014 @ 1:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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