Superjumbo delays lead to Airbus loss

Planemaker Airbus slumped into the red today as the impact of delays on the A380 superjumbo were revealed by its parent company, EADS.

Airbus made underlying losses of €572m, compared with earnings of €2.3bn in 2005 and despite delivering a record number of aircraft in 2006 – 434 against 378 a year earlier.