European and US defence companies began publishing reports covering the third quarter of their 2016 financial year on 24 October, with results revealed ranging from a 21.5% rise in operating income at Saab to a 29.3% fall in Airbus's profits on a similar measure.
Airbus and Safran
The same day as rival aerospace giant Boeing reported falls in its sales and profits in the third quarter, Airbus released a similarly underwhelming set of results. Group revenues remained more robust than Boeing's, falling just 0.9% from the same period in 2016 to EUR13.95 billion (USD15.23 billion). However, the company's earnings before interest and taxes (EBIT) of EUR507 million in the quarter was down by 29% year on year.