Airbus Q1 profit down 4.6%

May 14, 2014 1:55 am

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.