Airbus owner EADS sees 89% profit jump
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Airbus owner EADS sees 89% profit jump

Airbus owner EADS sees 89% profit jump

European Aeronautic, Defence & Space Co (EADS) has almost doubled first-half profit and lifted its full-year forecast as the Airbus unit increased plane production and prices after racking up a record backlog, Bloomberg has reported. Earnings before interest and tax jumped to €1.4bn ($1.7bn) from €723m a year earlier, excluding one-time charges and currency movements. Airbus, which generates about two-third of group revenue, should deliver 580 aircraft this year, 10 more than previously projected, with order intake outpacing handovers, EADS said.

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