EADS Struggles to Gauge Demand, Earnings as Airbus Sales Slump

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EADS Struggles to Gauge Demand, Earnings as Airbus Sales Slump

May 12th, 2009 - Bloomberg

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May 12 (Bloomberg) -- European Aeronautic, Defence & SpaceCo. said it can’t gauge demand or earnings beyond the end ofthis year as airlines cancel or defer Airbus orders and costsfrom the delayed A400M military-transport plane escalate.

Airbus will struggle to win the 300 jetliner contracts it’stargeting this year and faces an earnings squeeze from fallingprices, mounting inventories and a bias toward less-profitablesingle-aisle aircraft, EADS said in a statement today. The A400Mmay lead to a charge this half and further costs in the future.

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