Airbus Posts Record Loss of 572 million Euros


	Airbus Posts Record Loss of 572 million Euros

ejoiner2

3-10-2007 4:45 PM

411 views

tags:

air freight, airbus, fedex, business, ups, transportation

ejoiner2 says:

Troubles in development and deployment of the A380 continue to impact Airbus and parent company EADS. Cancellations of orders, including all orders for the A380F freighter, by both FedEx and UPS, have forced the European aircraft maker to consider elimination of up to 10,000 jobs as well as spin off of a number of plants throughout Europe.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/697f6f2f-03f6-42c5-a120-5b9fe5194b34/F0F04576-8E63-4805-8858-076A64273E50/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.bbc.co.uk/2/hi/business/6433401.stm" href="http://news.bbc.co.uk/2/hi/business/6433401.stm" style="font-size: 11px;">news.bbc.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/6433401.stm">
					A380 delay leads to Airbus loss</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.bbc.co.uk/2/hi/business/6433401.stm"><FONT size="2"><B>Airbus has posted its first loss despite delivering a record 434 planes, dragging down parent firm EADS.</B>
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<FONT size="2">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).
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<FONT size="2">As a result, annual net profits at aerospace giant EADS plunged from 1.676bn euros to just 99m euros.
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<FONT size="2">EADS said Airbus would suffer "another substantial loss in 2007", but insisted the A380 would be delivered on time.</FONT></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/F0F04576-8E63-4805-8858-076A64273E50/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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