Airbus reports falling profts as jet deliveries slow
Orientul Mijlociu
Airbus reported quarterly profits that halved from a year ago late Tuesday, as deliveries of its best-selling aircraft slowed. First-quarter sales came in at 12.65 billion euros ($14.82 billion) while earnings per share (EPS) were 74 euro cents. Analysts polled by FactSet had expected sales of 12.58 billion euros and EPS of 44 euro cents. On an adjusted basis, operating profit declined by 52% to 300 million euros, down from 624 million euros in the same period last year and far below FactSet
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