Airbus posts 29-pct rise in 2018 net profit

Agence France-Presse

Posted at Feb 14 2019 03:20 PM

The logo of Airbus Group is seen on the company's headquarters building in Toulouse, Southwestern France, April 18, 2017. Regis Duvignau, Reuters/File

PARIS, France - European aerospace giant Airbus reported Thursday a net profit for 2018 of 3 billion euros ($3.4 billion) and said it would deliver between 880 and 890 new commercial planes this year.

The earnings report came as Airbus announced it would pull the plug on its costly A380 double-decker superjumbo after Dubai-based airline Emirates reduced its order of the model.