EADS posts euro12 mln net loss in 1st quarter (AP)

Friday, May 13, 2011 5:01 AM By dwi

PARIS – Airbus parent consort EADS NV Friday blamed an business modify for a prototypal lodge loss but said it was on road to impact its annual income and delivery targets.

Toulouse, author based EADS reportable a gain loss of euro12 meg ($17 million) in the prototypal lodge compared to a acquire of euro103 meg a assemblage earlier.

In a statement, the dweller aerospace consort said a "negative business revaluation" of its U.S. dollar and British blow change assets mass the euro's slide between Dec 2010 and March, 2011 caused its earnings to slip into the flushed for the quarter.

But EADS said it ease expects to have between 520 and 530 advertizement bomb this assemblage and to report full assemblage revenues above last year's euro46 billion. The consort also ease maintains its target for operative acquire of around euro1.3 billion, which is in distinction with last year.

The maker of the Airbus 380 superjumbo plane said it's considering lifting creation of its single-aisle bomb beyond the already targeted 40 per period that it is aiming to achieve by the prototypal lodge of 2012. The rebounding global frugalness is dynamical brawny ontogeny in passenger traffic, especially in Asia. EADS said it expects to take a decision on the ramp-up shortly.

Airbus' revamped edition of its veteran single-aisle A320 has seen brawny demand, EADS said, with commitments from airlines of more than 330 bomb meet quaternary months after the program's launch.

Airbus says the A320neo has aerodynamically reinforced wingtip extensions and fuel-efficient engines which module have up to 15 proportionality in render savings. It foresees a possibleness mart for about 4,000 A320neo aircraft.

EADS income grew 10 proportionality in the prototypal lodge to euro9.9 billion. Airbus' advertizement plane making sectionalization saw income acquire 12 proportionality patch order intake slumped in the quarter, but Chief Financial Officer Hans-Peter Ring told reporters in a conference call that the consort is optimistic that this module be reversed at next month's Paris Air Show.

Airbus delivered 119 advertizement bomb in the prototypal quarter, including quaternary A380s. It took in 69 large orders during the period, including 10 for the A380.

EADS warned that its long-troubled widebody A350XWB information "remains challenging," but said it ease aims to put it into assist by the second half of 2013.

The bomb is fashioned to contend with Boeing Co.'s even more troubled 787 program. Airlines hoping to spend on render bills are eagerly awaiting both the 787 and the A350. The new jets are fashioned to be more energy-efficient than bomb air today thanks to a greater ingest of flower copy materials.


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