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Airbus books new write-downs

LONDON-- Airbus Group SE on Wednesday reported new earning impairments on two of its biggest airplane programs and posted a 4% drop in operating profit.

The European plane maker recorded a EUR1 billion ($1.1 billion) charge against earnings from delays in delivering A400M military transport planes. Costs to produce its new A350 long-range passenger plane rose another EUR385 million, the Toulouse-based company said.

Airbus Chief Executive Tom Enders called the charges "not acceptable."

Earnings before interest and taxes before one-time charges, Airbus's preferred earning measure...


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