Airbus operating profit halved in second quarter

Airbus’ adjusted operating profit fell to €814 million in the second quarter of the year, more than halved from last year’s €1.8bn. Its revenues were roughly flat in the quarter, totalling €16bn compared to last year’s second quarter revenues of €15.9bn. Its net income for the quarter was down from €1.1bn in last year’s second quarter, down to €230 million. For its commercial aircraft arm, revenues were at €12bn, down marginally from €12.2bn a year prior. Adjusted operating profit for the business was down from €1.7bn last year to €1.4bn. Airbus had warned last month it would take charge of