Airbus Group profits in line, raises A330 output goal

February 24, 2016 6:15 AM

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Airbus Group profits in line, raises A330 output goal

LONDON Airbus Group (AIR.PA) posted 2015 profit in line with forecasts on Wednesday and announced plans to reverse part of a planned production cut of A330 aircraft due to stronger-than-expected demand.

Europe's largest aerospace group said operating earnings before one-off items, a measure of underlying performance, rose 2 percent to 4.132 billion euros ($4.55 billion) as revenue gained 6 percent to 64.450 billion.

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