Page last updated at 12:19 GMT, Friday, 14 November 2008

EADS back in profit despite gloom

A400M transporter
The production of the A400M transporter has been marred by delays

European aerospace group EADS has said it returned to profit in the third quarter thanks to cost-cutting and fewer delays in aircraft programmes.

It posted a 679m-euro profit ($850m; 574m), as against a 776m-euro loss for July to September 2007.

Airbus-parent EADS said reaching annual targets remained challenging because of setbacks in the production of its A400M military transporter.

In the first nine months of 2008, EADS received 737 new orders at Airbus.

Its revenues increased by 7%, to 29.4bn euros.

The company says its orders book is large enough to cover deliveries for several years, which puts it in a a position of strength during a time of economic uncertainty.

"With weaker anticipated air traffic and more difficult refinancing, the commercial aircraft market is expected to slow down, with risk of deferrals and even cancellations," said the EADS statement.

However, EADS hopes to attract orders for at least another 120 aircraft before the end of 2008.



Print Sponsor


SEE ALSO
EADS to extend cost-cutting plan
30 Jul 08 |  Business
Airbus unveils new saving plans
09 Sep 08 |  Business
A380 'to benefit from oil prices'
14 Jul 08 |  Business
France questions EADS executive
09 Jul 08 |  Business

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 iD

Sign in

BBC navigation

Copyright © 2020 BBC. 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