Airbus Misses Q1 Profit Estimates as Deliveries Decline
Airbus reported a first-quarter profit of 300 million euros as deliveries fell 16 percent. The group maintained its annual target of 870 aircraft deliveries.
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AIRBUS SE reported a 52% drop in first-quarter adjusted operating profit to 300 million euros ($351 million) on Tuesday. The result missed the 348 million euro profit forecast compiled by analysts as revenue fell 7% to 12.65 billion euros. Sluggish delivery rates and currency headwinds are pressuring the planemaker's ability to hit its 870-jet delivery target for 2026.
