Government Subsidies Fail to Prevent 85% Profit Drop at Airbus

Discussion in 'Economy' started by onedomino, Jul 26, 2007.

  1. onedomino
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    onedomino SCE to AUX

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    EADS (Airbus) profit fell 85 percent in the 2nd quarter. Socialism is clueless when it comes to providing the incentives and competition necessary to make money. Meanwhile unsubsidized Boeing's new 787 aircraft is setting sales records. Boeing stock is up 21 percent while EADS is down 12.

     
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