Airbus net profit soars 28% in January-March

By Agence France-Presse

Apr 27, 2024 12:12 am

PARIS: European aviation giant Airbus posted a 28-percent increase in first-quarter profit on Thursday through rising deliveries and production, a day after archrival Boeing reported a loss.

Airbus' net income in the first three months rose to 595 million euros ($637 million) while revenue grew 9 percent to 12.8 billion euros, as the group delivered 142 commercial planes compared with 127 over the same period last year.

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