EADS Predicts Airbus Price Pressure in Dent to Industry Outlook
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European Aeronautic, Defence & Space Co. predicted “significant pricing pressure” at its Airbus SAS unit and cut a target for free cash flow, denting prospects for higher earnings at the world’s largest maker of civil aircraft.
Airbus has unfilled slots for its A320 single-aisle aircraft and the A380 superjumbo for the middle of the decade, Chief Financial Officer Harald Wilhelm said on a call. Cash fell to 8.1 billion euros ($10.3 billion) from 11.4 billion euros after nine months as Airbus built up inventory, began assembling the A350 and awaited payments on a dozen A380s pending delivery.