Airbus net profit soars 28 per cent in first quarter
European aviation giant Airbus posted a 28 percent increase in first-quarter profit Thursday through rising deliveries and production, a day after arch-rival Boeing reported a loss. Airbus' rising profit contrasts with its American rival Boeing, which Wednesday reported a first-quarter loss of USD 343 million, reflecting recent safety troubles that have slowed production and deliveries.
European aviation giant Airbus posted a 28 percent increase in first-quarter profit Thursday through rising deliveries and production, a day after arch-rival Boeing reported a loss. Airbus' rising profit contrasts with its American rival Boeing, which Wednesday reported a first-quarter loss of USD 343 million, reflecting recent safety troubles that have slowed production and deliveries.
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