Airbus cut its quarterly profit by 31%

In the first quarter, net profit of the European aerospace corporation Airbus Group decreased by 31% in annual terms to 283 million euros. The profit before tax and interest payments fell to 199 million euros. Adjusted EBIT was 14 million euros against the adjusted loss of 19 million euros a year earlier. Revenues decreased to 10 billion 119 million euros compared to the indicator of 11 billion 442 million euros for the same period last year. Airbus reported that in the first quarter, its gross volume of orders amounted to 68 commercial aircraft. The net volume of orders was at the level of 45 aircraft against 6 and 104 helicopters against 60 a year earlier.

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