{"id":272130,"date":"2019-05-01T05:14:15","date_gmt":"2019-05-01T05:14:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272130"},"modified":"2019-05-01T05:14:15","modified_gmt":"2019-05-01T05:14:15","slug":"airbus-profits-plunge-blames-scrapping-of-a380","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airbus-profits-plunge-blames-scrapping-of-a380\/","title":{"rendered":"Airbus profits plunge, blames scrapping of A380"},"content":{"rendered":"<p>Paris: European aerospace giant Airbus announced on Tuesday its net profit fell sharply in the first quarter, blaming in part its decision to stop building the loss-making A380 super-jumbo.<\/p>\n<p>It said profits were down 86% from the same period in 2018 to 40 million euros ($45 million).<\/p>\n<p>It blamed &#8220;adjustments&#8221; including 190 million euros for &#8220;the prolonged suspension of defence export licences to Saudi Arabia by the German government,&#8221; a further &#8220;83 million euros relating to the dollar pre-delivery payment mismatch and balance sheet revaluation&#8221; and &#8220;a negative 61 million euros related to A380 programme cost.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paris: European aerospace giant Airbus announced on Tuesday its net profit fell sharply in the first quarter, blaming in part its decision to stop building the loss-making A380 super-jumbo. It said profits were down 86% from the same period in 2018 to 40 million euros ($45 million). It blamed &#8220;adjustments&#8221; including 190 million euros for &#8220;the prolonged suspension of defence export licences to Saudi Arabia by the German government,&#8221; a further &#8220;83 million euros relating to the dollar pre-delivery payment mismatch and balance sheet revaluation&#8221; and &#8220;a negative 61 million euros related to A380 programme cost.&#8221;<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-272130","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=272130"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272130\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}