EADS loses $1.01 billion in the fourth quarter
Airbus suffered its worst year since it began in 1970, as delays, higher expenses and a weak dollar dragged down fourth-quarter and 2006 net profit for its parent, EADS NV.
Co-chief executive Louis Gallois pointed to the multiple and major delays to the A380 superjumbo that caused EADS to lose $1.01 billion in the October-December period. He also said that things would only get worse before they get better.
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