Airbus reports Q1 performance

Airbus has posted a rise in its revenue to €12.55 billion for the first quarter of 2019, up from €10.1 billion last year, which the company has attributed to increased deliveries of commercial aircraft. The French firm delivered 162 commercial aircraft in the quarter, 25% more than this time last year. Adjusted consolidated EBIT rose to €549 million, up from €14 million in the same period of 2018. Airbus took a €190 million hit – which rose to €297 million with foreign exchange charges – due to a decision by the German government to suspend defence export licences to Saudi Arabia. The