Why Airbus (EADSY) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Airbus Group (EADSY) are down -0.81% to $14.78 after it was reported that the aerospace firm agreed to drop an order for six A380 superjumbos by Skymark Airlines, the Japanese low-cost carrier, sources told Bloomberg.

Skymark can't afford the aircraft, sources said.

Losing the Skymark order extends a drought for the A380, which has failed to attract a new airline customer in two years and came away with no new business this month at the Farnborough Air Show, typically a forum for deals, Bloomberg noted

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EADSY ChartEADSY data by YCharts

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