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Adjusted operating profit fell 52% to 300 million euros ($351 million) Revenue declined 7% to 12.65 billion euros in the three months to March 31.
Airbus's first-quarter adjusted operating profit fell 52% to 300 million euros, missing expectations.
KEY POINTS
- Airbus delivered only 114 aircraft in Q1, down 16%, while Boeing delivered 143 in the same period.
- Late engine shipments from Pratt & Whitney are significantly impacting Airbus's aircraft production targets.
- Airbus is seeking potential damages from Pratt & Whitney over late engine deliveries.
- Airbus's defence and space unit outperformed, with core profit of 130 million euros versus a 111 million estimate.
COMPANIES
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