Airbus posts 29% rise in 2018 net profit

(Photo by Eric PIERMONT / AFP)

European aerospace giant Airbus reported Thursday a net profit for 2018 of 3 billion euros ($3.4 billion) and said it would deliver between 880 and 890 new commercial planes this year.

The earnings report came as Airbus announced it would pull the plug on its costly A380 double-decker superjumbo after Dubai-based airline Emirates reduced its order of the model.

–AFP

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