EADS swings to €133 million 1Q profit
Published: May 17, 2012
A320neo. Courtesy, Airbus
Airbus parent EADS reported first-quarter net income of €133 million ($ 170.4 million), turned around from a €12 million net loss in the 2011 March quarter, on a 16% rise in revenue to €11.4 billion.
EADS CEO Louis Gallois said commercial aircraft demand “remains healthy.” Airbus’s first-quarter EBIT lifted 59% year-over-year to €183 million as revenue heightened 13% to €7.9 billion.
Airbus delivered 131 commercial aircraft and secured 90 net orders during the year’s first three months. It noted that the 5,000th A320 was delivered in February, and that the single-aisle family’s production rate was pushed up to 40 per month from 38. Airbus delivered four A380s during the first quarter and plans to deliver 30 this year. As of March 31, it had delivered 71 total A380s to seven operators.
Airbus expects to deliver around 570 commercial aircraft this year. “Gross orders should be above the number of deliveries,” EADS stated. “EADS 2012 revenues should continue to grow well above 6%.”