Airbus Reveals Drop In Sales And Profit

Pre-tax profits (EBIT) generated by Airbus’ commercial aircraft division fell by more than 23 per cent in the first three months of 2015, while revenues fell by four per cent.

Pre-tax profits (EBIT) generated by Airbus’ commercial aircraft division fell by more than 23 per cent in the first three months of 2015, while revenues fell by four per cent.

In publishing its results today (April 30), the OEM confirmed that revenues from its commercial arm had fallen from €8.9bn ($10bn) in Q1 2014 to €8.6bn ($9.6bn), and that EBIT had fallen to €419m ($468m).

The figures are short of Boeing’s Q1 commercial revenues of $15.4bn, which were 21 per cent higher than Q1 2014.

While Boeing said its boost in revenues was down to higher numbers of deliveries, Airbus stated that its results mainly reflected “the phasing of deliveries… which are expected to be back-loaded in 2015, especially for the A350 and A380”.

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