ID:
1556601589798578700
Tue, 2019-04-30 05:09
PARIS: European planemaker Airbus stuck to its full-year financial targets after reporting slightly higher-than-expected core first-quarter profits, overshadowed by a heavy drain on cash as it stocked parts to ease industrial bottlenecks.
Quarterly revenues rose 24 percent from a year ago to 12.55 billion euros ($14 billion), while adjusted operating profit jumped to 549 million euros from 14 million last year, driven by higher commercial jet deliveries.
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