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Airbus SE (EADSY)
- Barrons.com
Airbus Earnings Improved, But Less Than Expected.
Airbus reported higher first-quarter profit and revenue, but results came in below what Wall Street was expecting. Airbus reported results just before noon ET Thursday in the U.S., after the European markets had closed for the day. France-based Airbus is still trouncing its U.S. rival on pure metrics so far this year.
- The Telegraph
Wall Street plunges after US inflation shock
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.
- Reuters
UPDATE 2-Rampup costs weigh on Q1 but Airbus hikes A350 output goal
Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 despite a nervous start to the year on industrial costs. The world's largest planemaker also announced a higher output target for its wide-body A350 model, of 12 a month in 2028, amid a renaissance in demand for long-haul jets. Airbus first-quarter orders were the second highest for that period, according to Agency Partners analyst Sash Tusa.
