PARIS – European planemaker Airbus says it has seen its profit jump in the first quarter thanks to the sale of a stake in rival Dassault Aviation, though its plane orders and deliveries fell slightly.
Airbus reported net profit of 792 million euros ($871 million) in the first quarter, compared with 439 million euros a year earlier.
Through the first three months of the year Airbus logged 101 net new orders for jetliners, compared with 103 a year ago, and 110 for chief rival Boeing in the first quarter of 2015.
Airbus revenues in the quarter were 12.1 billion euros, down from 12.6 billion in the first quarter 2014. The company said the weaker euro helped offset lower delivery volume.
Airbus is forecasting slightly higher orders and deliveries this year.