Airbus profits up amid A400M woes

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  1. ACMM
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    Aerospace group Airbus has posted a rise in profits for the first nine months of the year, but warned of more problems for its A400M military plane. Underlying earnings rose 12% to €2.59bn ($3.2bn; £2.1bn) for the nine-month period, with revenues up 4% to €40.5bn. Net income rose 16% to €1.399bn. But Airbus highlighted a "negative cost and risk evolution" for its delayed A400M transport aircraft. The programme hit problems in 2010 and received a bailout of €3.5bn.

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