PARIS, Oct 26 (APP/AFP) – Airbus Group on Wednesday posted a five percent fall in January-September net profit to 1.81 billion euros ($2 billion) as it revealed it intends to deliver more planes than initially forecast this year. Citing stable overall sales of 43 billion euros for the period, the company said it would seek to raise deliveries to 670 planes, a rise of 20 aircraft, in order to hit its annual earnings targets. “As expected, the nine-month performance reflects the heavily back-loaded aircraft delivery schedule, ongoing production ramp-up and transition to new versions of our A320 and A330 aircraft,” said CEO Tom Enders. “For the remaining months of the year we remain totally focused on deliveries to achieve our earnings and cash guidance,” he added.
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Airbus Group says 9mth profit slips; raises deliveries target
