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Airbus Group Q3 core profit down 21 percent

Airbus on Wednesday posted lower third-quarter profits led by a faltering performance in its core commercial jetliner division and continued weakness in the commercial helicopter market, and maintained its outlook.

Europe's largest aerospace group, which makes Airbus jets and a leading share of commercial helicopters, said quarterly operating profit before one-off items fell 21 percent to 731 million euros ($796 million). Revenues fell 1 percent to 13.95 billion.

Analysts had on average forecast quarterly core operating earnings down 19.3 percent at 743 million euros on revenues up 1.9 percent, according to a Reuters survey.

The Airbus commercial jets unit saw a 26 percent slump in third-quarter profits despite 4 percent higher revenues, with the planemaker noting difficulties in the supply chain for its A350 and A320neo jets. Helicopter profits fell 29 percent.

Finnair A350 XWB Business Class Cabin
Finnair
Finnair A350 XWB Business Class Cabin

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