A380 delay leads to Airbus loss

Airbus has posted its first loss despite delivering a record 434 planes, dragging down parent firm EADS.

Delays dogging the A380 superjumbo, problems developing the A350 XWB and a strong dollar triggered the loss for 2006 of 572m euros ($752.3m; £389.4m).

As a result, annual net profits at aerospace giant EADS plunged from 1.676bn euros to just 99m euros.

Read Full Article from BBC News

- Posted: 2007-03-09 13:23:28

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