Airbus Reports Decline in First-Quarter Profits Due to Slower Aircraft Deliveries
Airbus reported a 52% decline in first-quarter operating profits to 300 million euros, driven by a reduction in aircraft deliveries. The company delivered 114 commercial aircraft in Q1, down from 136 in the same period last year. Despite lower profits, sales exceeded analyst expectations, but concerns over supply chain issues and slower delivery rates have dampened investor sentiment.
Topics: airbus commercial aircraft earnings operating profits supply chain issues