Airbus parent EADS beats forecasts
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Airbus parent EADS posted higher-than-expected nine-month earnings on Thursday driven by a strong performance in commercial aircraft and raised its 2004 targets.
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The owners of Airbus approved the launch of a new A350 passenger jet Friday to rival Boeing&#39;s 7E7, a spokesman for Airbus parent EADS said.
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Shares in Airbus parent EADS  rose early on Tuesday after its board approved its Power8 restructuring plan for Airbus, which has suffered from the costly delay of its A380 superjumbo and a weak dollar.
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European aerospace giant EADS more than doubled its profit in the first nine months of the year, topping market expectations as a rebound in civil
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Airbus parent EADS EAD.PA announced   further delays in A380 deliveries on Thursday, but said it was   too early to gauge the delivery schedule or any financial   impact from the latest setbacks to the superjumbo.
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Airbus SAS, the world&#39;s biggest planemaker, expects to deliver as many as 320 aircraft this year, or 5 percent more than it forecast earlier, as demand from airlines picks up, said Chief Executive Noel Forgeard.
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BAE Systems, Europe&#39;s largest defence firm, has reported a 4.5 percent rise in underlying operating profit, buoyed by higher Airbus plane deliveries.
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No-frills airline Ryanair has beat forecasts with an 18-percent jump in half-year profit after a strong summer and it has cheered investors with a surprisingly upbeat take on the full year.
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Airbus parent EADS said Thursday it was not planning any alliance with defense group Thales SA, dampening speculation that the French government-backed deal was imminent.
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Airbus parent EADS EAD.PA confirmed   fresh delays to its A380 superjumbo on Thursday, but said it   was too early to say how long the third postponement in   deliveries would last or how much it would cost.
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EADS on Thursday posted steeper  than expected third-quarter losses, axed forecasts that it  would make a 2007 operating profit and promised to reinforce  restructuring plans after fresh problems at planemaker Airbus.
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The co-head of European  aerospace firm EADS  admitted its Airbus unit had  clearly underestimated archrival Boeing  and said the  priority was to fix problems at Airbus, which is trailing its  U.S. competitor in aircraft sales.
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PARIS: European Aeronautic Defense & Space, the parent company of Airbus, said Monday that its board had unanimously approved a radical turnaround plan, one week after the chief executive of the troubled ...Comment
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PARIS/MELBOURNE  - The world's airlines were forced to review growth plans and investors hammered the shares of Airbus parent EADS  on Wednesday after the European planemaker again pushed back deliveries of its A380 superjumbo.
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Third-quarter profit, helped by sales of jet fighters and electronic warfare systems, beat Wall Street expectations, but the companyâs forecast for next year was slightly below analystsâ estimates.
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MUNICH, Germany  - Planemaker Airbus' A380  superjumbo project is running 1.45 billion euros ($1.93  billion) over budget because of work to improve the efficiency  and weight of the aircraft, the co-head of parent company EADS  said.
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Airbus parent EADS NV said Friday that a weaker dollar and major delays at its Airbus unit dragged its 2006 profit down, caused a multimillion dollar quarterly loss and warned that Airbus would "display another substantial loss in 2007."