QUOTE
By Andrea Rothman March 8 (Bloomberg) -- European Aeronautic, Defence & Space Co. may report its second straight loss after production delays on the A380 super-jumbo jet disrupted the Airbus SAS division.
EADS, based in Amsterdam, will have a fourth-quarter loss of 1.08 billion euros ($1.4 billion), compared with net income of 405 million euros a year earlier, according to the median estimate of eight analysts surveyed by Bloomberg. Sales probably rose 9 percent to 11.8 billion euros. EADS reports tomorrow.
The 555-seat A380 is two years behind schedule and will cause losses of 4.8 billion euros through 2010, EADS said in October. Airbus, which had never lost money, fell behind Chicago- based Boeing Co. in orders last year for the first time since 2000 amid near-record demand from airlines.
``Airbus's delays on the A380 mean we won't see anyone place another order until they've shown the plane is operating in service,'' said Scott Babka, an analyst at Morgan Stanley in London with an ``overweight'' rating on EADS shares.
EADS, based in Amsterdam, will have a fourth-quarter loss of 1.08 billion euros ($1.4 billion), compared with net income of 405 million euros a year earlier, according to the median estimate of eight analysts surveyed by Bloomberg. Sales probably rose 9 percent to 11.8 billion euros. EADS reports tomorrow.
The 555-seat A380 is two years behind schedule and will cause losses of 4.8 billion euros through 2010, EADS said in October. Airbus, which had never lost money, fell behind Chicago- based Boeing Co. in orders last year for the first time since 2000 amid near-record demand from airlines.
``Airbus's delays on the A380 mean we won't see anyone place another order until they've shown the plane is operating in service,'' said Scott Babka, an analyst at Morgan Stanley in London with an ``overweight'' rating on EADS shares.