Air­bus cuts jets fore­cast

Scottish Daily Mail - - City & Finance -

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.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.