Posted AT 6:45 AM EDT on 14/05/08
EADS returns to profitability
PARIS — Airbus parent EADS said Wednesday it returned to profit in the first quarter as the plane maker increased deliveries and the company cut costs, helping offset the weaker dollar.
European Aeronautic Defence & Space Co. NV reported a net profit in the January to March quarter of €285-million ($440-million U.S.), compared with a loss of €10-million a year earlier. EADS has reported losses in the previous four quarters.
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