EADS raises forecast despite slow start

AIRBUS’ parent company, EADS, has revealed that its first year net profit halved from the year before, but that it is optimistic for the rest of the year following a rush of orders.

EADS made €185 million ($241.3 million) for the first half of the year, down from €378 million in 2009. Revenue in the first half was one per cent higher at €20.31 billion, compared with €20.2 billion a year earlier.

EADS said it now expects more than 400 new orders for Airbus commercial jets in 2010, up from an earlier forecast of between 250 and 300, on the back of rising air cargo demand.

Share this story

Related Topics

Latest news

Amerijet achieves IATA CEIV Pharma recertification

By Rachelle Harry

US-based Amerijet International Airlines has achieved IATA CEIV Pharma recertification following an independent assessment carried out by the association. The…

Read More

Share this story

ATSG: “Strong demand” for leased freighters during coronavirus

By Rachelle Harry

Aircraft leasing company Air Transport Services Group (ATSG) has highlighted that its half-year results reflect “solid growth, improving cash flows…

Read More

Share this story

Forwarder and shipper charter deals propel Atlas Air in Q2

By Damian Brett

Atlas Air Worldwide Holdings saw its operating revenues and income increase during the second quarter of the year as forwarders…

Read More

Share this story