Airbus Group first-quarter core earnings fall in ‘challenging year’

The new Airbus U.S. Manufacturing Facility in Mobile, Alabama September 13, 2015. REUTERS/Michael SpooneybargerMoreAMSTERDAM (Reuters) – Airbus Group on Thursday posted slightly higher-than-expected core profit and reaffirmed targets for the year, while warning of serious challenges for its A400M military plane and reporting a heavy drain on cash due to delayed jet deliveries.
Widely watched operating earnings before one-off items at Europe’s largest aerospace group fell 23 percent t