From: "George Sherwood" 

I don't see the A380 being profitable for a long long time now, if ever.
EADS is going to give a ton of money back those airlines that are not going
to see the airplanes for a very long time after promised delivery dates.

I think this combined with what I think is a weak business model is really
going to hurt.

George

http://news.yahoo.com/s/ap/20060615/ap_on_bi_ge/france_airbus

"Airlines around the world punished Airbus on Wednesday for delays in
the delivery of its A380 superjumbo, demanding compensation, reconsidering
orders - and in one case, striking a major deal with its rival Boeing Co.

Singapore Airlines, one of the world's top carriers and the first to buy
the A380, said it was unhappy with the delays Airbus announced Tuesday. It
demanded compensation and, on Wednesday, worsened the blow by announcing it
would buy 20 Boeing 787-9 aircraft worth $4.52 billion and take options on
another 20 planes.

The Singapore-Boeing deal stung especially deep because Airbus had hoped
Singapore Airlines would be one of the first and biggest customers for the
A350. But airline dissatisfaction with the A350 has forced Airbus to
redesign some of its parts and consider a costly overhaul, delaying its
launch for several years.

"EADS made a strategic error by opting for a jumbo-sized jet rather
than a fuel efficient model, especially if the price of oil increases
further," said Matthieu Raimbault of French brokerage Viel Tradition.
"

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