Mixed Financial News Breaks at EADS and Boeing | Aviation International News

Mixed Financial News Breaks at EADS and Boeing

At face value, Europe’s EADS group appeared to come off slightly worse than its U.S.

By Charles Alcock • Managing Editor

July 30, 2009

At face value, Europe’s EADS group appeared to come off slightly worse than its U.S. rival Boeing from financial results announced in late July. EADS reported a 23-percent drop in operating profits for the first half of this year, compared with a 22-percent decline at Boeing over the same period.

However, Boeing’s second-quarter net income actually showed an unexpected 17-percent boost versus the same year-ago period, rising to $998 million, while second-quarter revenues for the group were up by 1 percent at $17.2 billion. Airbus’s first-half revenues were up by 2 percent at €20.195 billion ($28.273 billion).

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