Page last updated at 06:00 GMT, Wednesday, 14 May 2008 07:00 UK

EADS profits from Airbus results

An Airbus A380 in Santiago

European aerospace group EADS has reported a three-month profit, helped by improved results from its passenger plane unit Airbus.

EADS posted a net profit of 285m euros ($440m; 227m) for the first quarter of 2008, compared with a loss of 10m euros in the same period last year.

Much of the improvement came from Airbus, which had a better-than-expected quarter.

EADS chief executive Louis Gallois said the results were "encouraging".

But he added: "Though many serious challenges have been overcome there remains much to do in order to secure the significant and lasting improvement in operational performance we are targeting."

Among the challenges facing EADS is the weakness of the US dollar against the euro, which is a particular problem for a company that sells its products in dollars but pays most of its bills in euros.

The results came the day after Airbus warned that its customers faced further delays in the delivery of its A380 aircraft.

More time and resources were needed to increase production, the company said, which would result in fewer deliveries than planned during 2008 and 2009.




RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific