{"id":32719,"date":"2017-07-27T11:13:02","date_gmt":"2017-07-27T11:13:02","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2017\/07\/27\/airbus-profits-lag-amid-engine-issues-military-challenges\/"},"modified":"2026-08-07T22:41:40","modified_gmt":"2026-08-07T22:41:40","slug":"airbus-profits-lag-amid-engine-issues-military-challenges","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/industry\/2017\/07\/27\/airbus-profits-lag-amid-engine-issues-military-challenges\/","title":{"rendered":"Airbus profits lag amid engine issues, military challenges"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">PARIS \u2014 Airbus\u2019 first-half profits took a hit amid ongoing problems with its A400M military transporter and engine problems for its A320neo, and deliveries are down though orders are on the rise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said Thursday that sales in the second quarter fell but were stable overall in the first half at \u20ac28.7 billion (U.S. $33.5 billion) compared with \u20ac28.8 billion for the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Net income dropped to \u20ac1.5 billion from \u20ac1.76 billion in the first half last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><i>[<a href=\"http:\/\/www.defensenews.com\/air\/2017\/02\/28\/canada-must-defend-disputed-search-and-rescue-plane-buy-from-airbus\/\">Canada must defend disputed search and rescue plane buy from Airbus<\/a>]<br><\/i><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are facing challenges due to ongoing engine issues,\u201d CEO Tom Enders said, notably on the A320neo, blamed on supplier Pratt &amp; Whitney.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Airbus maintained its full-year forecast of delivering more than 700 planes but says it depends on engine makers meeting commitments to fixing problems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbus maintained its full-year forecast of delivering more than 700 planes but says it depends on engine makers meeting commitments to fixing 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