Airbus cuts jets forecast
AIRBUS will deliver fewer jets this year – 860 instead of the expected 880 to 890 – after it was hit by more delays in Germany.
It has been struggling at its plant in Hamburg, where it has tried to ramp up production.
Chief executive Guillaume Faury said the aerospace group is also working to ‘manage the consequences’ of £5.8bn worth of US tariffs slapped on European goods when the WTO decided the EU had failed to withdraw billions of pounds in illegal subsidies to Airbus.
Third-quarter profits came in at £1.4bn, up 2pc on last year, while revenue was down 1pc to £13.2bn.