Airbus Chief Executive Guillaume Faury has set the stage for a tussle with U.S. airline customers, saying the planemaker won't cover the cost of tariffs for imported aircraft. "We will not, as far as Airbus is concerned,

The European aviation company, Airbus, said on Wednesday that its first quarter net income rose to €793 million ($899 million) or €1.01 per share, up from €595 million or €0.76 per share last year. Adjusted Earnings Before Interest and Taxes or EBIT rose 8% to €624 million from €577 million last year.