Airbus profits down 23% in “challenging year”

Q1 profit fall is despite revenues being stable
Airbus has posted a 23% fall in core operating profits for the first quarter of 2016, to €501 million, despite revenues being stable at €12.2 billion
Earlier this year the plane manufacturer revealed it was scaling back on production of the A380 superjumbo due to poor sales. There is also likely to be a “significant” impact from technical problems with the company’s military planes.
“2016 turns out to be the challenging year we anticipated,” chief executive Tom Enders admitted.
However, Airbus is expected to catch up on deliveries of the A350 and A320neo as the year continues, after issues have left many of the planes still awaiting delivery.
Reuters

x

Check Also

Norway, tourism, economy

Travel brings billions to Norway’s economy

A new survey shows that foreigners flying to Norway with Norwegian, SAS and Widerøe are boosting the economy in a big way.

naked, protest, cruise, ships, fjords, social media, Instagram, photo, tourism, over-tourism

Norwegian, 71, in naked anti-cruise protest

A local resident has had enough of the ever-increasing number of large ships passing by his house.

WeChat Pay, KLM, Air France, Finnair, social media, airlines, Chinese, travellers, reach, marketing

How Europe’s airlines use WeChat to reach China

KLM, Finnair and Air France are among those maximising their presence among China’s outbound travellers.

Benefit Cosmetics, brand, cosmetics, ferry, Europe, Viking Line, cruise, USA, first

Viking Line offers new beauty exclusive

Finland’s Viking becomes the first cruise ship in Europe to offer the US brand Benefit Cosmetics.

CVB, convention bureau, congress, Europe, best, cities, Baltic, Vilnius, Zagreb, list, ranking, 2018, Kongres

Best “fresh” MICE cities in Europe ranked

Baltic cities do well in this ‘best meeting destinations of 2018’ roundup, although northern Europe is mostly ignored.

hippopotamus, Chinese, photo, selfie, safari, Africa, Kenya, hippo, kill, death, tourists, tourism, travel, danger, lake, Lake Naivasha, sharks, fin

Hippo kills tourist in Kenya

A tourist and a local fisherman were attacked and killed by a hippopotamus, at the same lake in Kenya, on the same day.