EADS Back in Profit

Airbus' parent company EADS has recently announced that it is back in profit as of the first quarter of 2008. After suffering delays with the A380 program, the company managed to come back into profit by increasing deliveries and decreasing costs. The net profit for the first three months of the current year was reported to be the equivalent of $440 million as opposed to a loss of almost $20 million a year earlier.

For more details, feel free to read the following article from CNN: http://edition.cnn.com/2008/BUSINESS/05/14/airbus.results.ap/index.html