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Airbus defies A380-load of income in 2018 increased

attracts Due to a lack of orders for the A380 Airbus, the emergency brake: the production of the giant plane is set. The balance sheet is detrimental to the A38

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Airbus defies A380-load of income in 2018 increased

attracts Due to a lack of orders for the A380 Airbus, the emergency brake: the production of the giant plane is set. The balance sheet is detrimental to the A380 From. Thanks to strong demand for smaller machines Airbus 2018 earned magnificently.

With a laughing and a crying eye, will present on the Morning of the outgoing Airbus chief Tom Enders at the company's headquarters in Toulouse, France, the year numbers in front of the international press. The setting of the A380 is for the Management of a bitter defeat. The giant bird did not meet the high expectations and remained a non-starter. Many of the Airlines, the plane is too large and consumes too much fuel. This is not economical, especially if the Riesenjet is not fully occupied.

A380 will be in 2021, not

On Thursday morning, delivered, Airbus announced that the largest customer of the A380, the Arab airline Emirates, your order of 39 machines have reduced. And also for other Airlines in the order was defective. Therefore, there is no basis for the continuation of the production of the giant Jets. The deliveries were set in the year 2021. "Today's announcement is painful for us and for the A380 Communities in the world," said Enders.

More here is information on Airbus

on the Other hand, Airbus a duration of load. The setting of the giant aircraft will cost the European aerospace and defence group, although a lot of money, but that you can cope with. This is the balance sheet for the past year. In spite of around 900 million euros of high special charges associated with the A380 and the A400M military Transporter, the Airbus made a spectacular leap in profits.

More profit than expected

EUR 3.05 billion earned Airbus 29 percent more money than in the previous year. The operating result (adjusted Ebit) climbed even more - of 3,19 billion to to 5.83 billion euros. Sales increased by eight percent to 63.7 billion euros. Analysts had expected sales of 62,79 billion euros and an operating profit of 5.03 billion euros.

smaller machines compensated Airbus A380-lull. The European aviation giant handed over 800 aircraft to its customers and achieved a delivery record. Competitor, Boeing had only just ahead. The Americans delivered just six machines.

For 2019, the Management takes further gains. Adjusted operating profit is expected to rise by about 15 percent. The company wants to deliver 880 to 890 transport aircraft. Boeing continues to expand its production, but also strong and wants to deliver in the current year, around 900 Verkehrsjets.

Ten percent more dividend

thanks to the profit jump, the shareholders are to receive ten per cent more dividends. A dividend of 1.65 euros per share, beckons. Analysts had however, expected more, namely, to 1.79 Euro per paper.

Despite the small dividend disappointment Airbus's shares are in demand on Thursday hot. You see an increase of almost five percent. The price of the European aerospace group, on a one-year view of a district.

nb

1/20 flies the wide-body Airbus

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