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EADs warns on profits as Airbus orders slump

10th Mar 2009 Press Release Airline News

EADS, the parent company of Airbus, has warned that profit this year will be lower than expected as the deteriorating global economy and technical delays eat into margins and create fears over future orders.However the group reported a healthy set of figures for 2008 with a profit of 1.57bn euros in 2008, up from a loss of 446m euro loss in 2007.