European planemaker Airbus says its earnings improved final yr however it was hindered by additional issues, each to its lengthy-troubled army plane program in addition to newer engine issues on its single-aisle fashions.
The corporate stated Thursday that it surged to a revenue of 1 billion euros ($1.25 billion) within the fourth quarter, from a lack of 816 million euros a yr earlier, whereas income was secure round 23.eight billion euros. For the complete yr, internet revenue virtually tripled to 2.9 billion euros.
Airbus took one other cost of 1.three billion euros on its A400 army aircraft and acknowledged struggles with engines provided by Pratt & Whitney for the A320neo aircraft. The corporate stated that a new challenge has arisen lately with these engines, and it might influence 2018 deliveries.