Airbus Flies While Boeing Flails
Last Wednesday, Boeing (NYSE: BA) released another disappointing earnings report. Revenue declined sequentially and fell short of expectations, leading to a higher-than-expected adjusted loss of $0.60 per share. The slow ramp-up of 737 MAX production and a complete halt in 787 Dreamliner deliveries last quarter both contributed heavily to Boeing's weak results.
By contrast, Airbus (OTC: EADSY) continues to outperform its American rival by a wide margin. On Thursday, it reported solid third-quarter results and raised its full-year forecast again.
In 2020, Airbus reported a modest adjusted operating profit of 1.7 billion euros ($2 billion), despite the COVID-19 pandemic. The pandemic had a greater impact on cash flow, as the European plane maker burned 6.9 billion euros ($8 billion).
Source Fool.com
