November 24, 2014

Airbus posts higher net profit in 2014 on back of higher jet deliveries

PARIS – Airbus says its net profit soared 59 per cent last year as a record-high number of jet deliveries helped offset a 551 million euros end-of-year charge against its delayed A400M military transporter program.

The European jet maker said Friday it made a 2.34-billion-euros ($2.62 billion) net profit in 2014, up from 1.47 billion euros in 2013.

Boeing’s chief rival in the $200 billion commercial aircraft market said it will ramp up production of its in-demand single-aisle A320 series of jets to 50 a month from 2017, from a planned 46 per month in 2016.

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