Airbus owner EADS reports profits fall

Airbus owner EADS has reported a 15% drop in third quarter operating profits to 322m euros ($435m; £274m) and says its A350 jet will be delayed.It came as revenues for the quarter at the European aerospace giant fell by 4% to 10.75bn euros.EADS said it had taken a charge of 200m euros to cover production and delivery delays in its A350 long-range jet.The lightweight composite plane will now enter service in the first half of 2014, up to six months late.Final assembly of the A350 will start in the first quarter of 2012.Meanwhile, EADS raised its full-year order forecast for Airbus by 50% to 1,500 aircraft, and said it expected 2011 operating profit to be 1.45bn euros.EADS' net profit in the third quarter was 312m euros, up from 13m euros a year earlier.It also said that Airbus had delivered 376 aircraft during the first nine months of 2011. The company expects to deliver between 520 and 530 aircraft in total this year.