EADS has posted a net-profit for the first 9 months of 2005 of 1 billon euros, a 74 percent increase over last year. It was in part thanks to Airbus, whose profits were up 34 percent, thanks in part to more deliveries. Airbus' turnover was 16 billion euros.
Not really surprising seeing the current state of aviation and influx of orders at both A and B. Guess al those planes weren't given away for dree after all!
CrazyHorse From Austria, joined Nov 2005, 328 posts, RR: 0
Reply 5, posted (9 years 5 months 1 week 3 days 15 hours ago) and read 2117 times:
Quoting Scbriml (Reply 4): How can that be? The collective "wisdom" on a.net is that Airbus gives its planes away.
Both big aircraft producer gives big rebates to their customer, not only Airbus. And how we could see, this works quite well, because the list price is very high and the profit margin is big.
So Airbus could give rebates and also the profit of the company grows.
Every good working company do this.
Ruscoe From Australia, joined Aug 1999, 1640 posts, RR: 2
Reply 9, posted (9 years 5 months 1 week 2 days 23 hours ago) and read 2025 times:
Something to consider is that Airbus is delivering planes now that in many cases were agreed to many years ago, when margins were better.
Also agree entirely about hedgeing being less favourable in the future. Also I have been told (but can't quote) the the most expensive part of a new aircraft program is when certification testing is going on, and production is being ramped up, so the next couple of qtrs will be very interesting.