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Emerging from Venice’s railway station on a dank, rainy morning, Sylvain Pellarin was the first person in the world to arrive in the city as it imposed an entrance fee on tourists, a controversial initiative that is being closely watched by other tourist hot spots.
Airbus posted weaker than expected first-quarter operating profit and cashflow partly after hiring more staff to prepare for rising demand, but reaffirmed its financial goals for 2024 after a nervous start to the year on industrial costs. Airbus reported 577 million euros ($618.37 million) in adjusted operating profit, down 25% on the year, revenue of 12.83 billion euros and a free cash outflow of 1.8 billion euros. "Geopolitical and supply chain tensions continue," Airbus CEO Guillaume Faury said in a results statement, adding the operating environment "shows no sign of improvement".
Thru | Total | ||
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16 | -11 | ||
16 | -11 | ||
15 | -9 | ||
15 | -9 | ||
14 | -8 | ||
14 | -8 | ||
10 | -8 | ||
14 | -8 | ||
15 | -8 | ||
15 | -8 |