Airbus expects strong growth, looks past plane troubles
Shares in Airbus flew higher Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs. The company said that it surged to a net profit of E1b (US$1.25b) in Q4, from a loss of E816m a year earlier, while revenue was stable around E23.8b. Airbus delivered a record 718 aircraft last year and expects that figure to rise further in 2018, to 800. Shares in the company jumped about 10% Thursday in Paris. Investors seem optimistic that the company is putting behind it the worst of its troubles. Airbus said it took another charge of E1.3b on its A400 military planes. It said, however, that it had reached a deal with the govts that are buying the planes on a new delivery schedule that should rein in any new charges on the program. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-16/general/airbus-expects-strong-growth-looks-past-plane-troubles
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Airbus expects strong growth, looks past plane troubles
Shares in Airbus flew higher Thursday after the company reported improved earnings and was more upbeat about the future following problems to several of its key aircraft programs. The company said that it surged to a net profit of E1b (US$1.25b) in Q4, from a loss of E816m a year earlier, while revenue was stable around E23.8b. Airbus delivered a record 718 aircraft last year and expects that figure to rise further in 2018, to 800. Shares in the company jumped about 10% Thursday in Paris. Investors seem optimistic that the company is putting behind it the worst of its troubles. Airbus said it took another charge of E1.3b on its A400 military planes. It said, however, that it had reached a deal with the govts that are buying the planes on a new delivery schedule that should rein in any new charges on the program. <br/>
