Airbus Cuts Production Plans for A330 Jet

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LONDON—Airbus SE reduce manufacturing plans for its A330 wide-body after posting a 31% decline in first-quarter revenue and following losses to rival Boeing Co. on orders from U.S. carriers.

The Toulouse, France-based firm stated Friday that it shipped 15 fewer airliners to prospects within the newest quarter than a 12 months earlier, largely as a result of engine suppliers have been late. That contributed to a drop in internet earnings to €283 million ($343 million) from the year-earlier €409 million, and a 12% drop in gross sales, to €10.1 billion.

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