Airbus says Q3 net profit more than triples to 957 mn euros

October 31, 2018
European aircraft manufacturer Airbus reported a strong third quarter but said much work remained to be done to ensure aircraft delivery this year

European aerospace giant Airbus reported Wednesday a third quarter net profit of 957 million euros ($1.1 billion), more than triple the 2017 performance.

The company, which rivals Boeing of the US, said it was maintaining its forecast for deliveries of 800 this year but added that there was still much to do to reach that target.

On the key, much-delayed and over-budget military A400M programme, Airbus said there had been "tangible progress" on delivery but risks remained.

For the nine months to September, net profit rose four percent from the same period a year earlier to 1.45 billion euros.

The results reflected the "good performance" of the key A350 long-haul twin-jet, Airbus head Tom Enders said.

Of the 800 delivery , 18 are the A220 model, the latest member of the Airbus family of single-aisle jets after the company took over the aircraft from Bombardier.

Enders said the main priority continued to be of commercial aircraft and boosting output of the workhorse A320neo, which has been held back by engine supply problems.

Explore further: Airbus profits halved but hopes to meet delivery target

Related Stories

Airbus profits halved but hopes to meet delivery target

July 26, 2018

European air giant Airbus said Thursday its half-year profits plunged, as the company is hit by delays in the delivery of its A320neo engines, but confirmed its objective to provide 800 aircraft this year despite "risks".

Airbus profits soar despite new charge on A400M military plane

February 15, 2018

Airbus said Thursday that increased deliveries, windfall gains from divestments and favourable exchange rates enabled profits to take off last year, even though it booked a "substantial" new charge on its A400M military transporter ...

Airbus aiming to step up A320neo production

April 11, 2018

Airbus aims to boost production of its A320neo aircraft and step up deliveries in the second quarter of the medium-haul carrier despite persistent engine woes, chief executive Tom Enders said Wednesday.

Recommended for you

Technology near for real-time TV political fact checks

January 18, 2019

A Duke University team expects to have a product available for election year that will allow television networks to offer real-time fact checks onscreen when a politician makes a questionable claim during a speech or debate.

Privacy becomes a selling point at tech show

January 7, 2019

Apple is not among the exhibitors at the 2019 Consumer Electronics Show, but that didn't prevent the iPhone maker from sending a message to attendees on a large billboard.

China's Huawei unveils chip for global big data market

January 7, 2019

Huawei Technologies Ltd. showed off a new processor chip for data centers and cloud computing Monday, expanding into new and growing markets despite Western warnings the company might be a security risk.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.