Airbus Q1 profit falls as deliveries drop, lags Boeing
Airbus said its first-quarter profit fell after it delivered fewer aircraft to customers, allowing rival Boeing to outpace it for the first time in years.
Airbus reported a decline in first-quarter profit after delivering fewer planes to customers. The drop in deliveries resulted in Airbus falling behind rival Boeing for the first time in years. Company officials cited the lower shipment pace as the primary factor for the reduced earnings.