EADS back in the black on new orders lift

AIRBUS parent EADS returned to profit in 2010 and bagged a slew of new aircraft orders, it announced yesterday, pushing its shares up even as airlines fretted about surging oil prices.

EADS posted higher than expected 2010 revenue of €45.8bn (£39.3bn), up seven per cent, and operating profit of €1.23bn. It restored a dividend of 22 cents after posting a net profit of €553m.

Downpayments from airlines handed EADS a record cashpile of €12bn at the end of 2010.