Airbus parent EADS, which forecasted a long-term boost from Europe's tattered currency, increased its shares to their highest in eight months, by reaping the benefits of a weaker euro on Friday.

Europe's largest aerospace firm revealed the sharply lower first-quarter earnings, which reflected negative impact of tougher currency evasions taken out when the euro was on a high.

Operating profit went down 64% to 83 million Euros, which was also hit by concerns about costs on the A380 superjumbo. Investors anticipate that EADS would be able to interpret a recent fall in the currency's fortunes into better profits once the currency hedges run out. Though, it once shared that its long-term existence was threatened by an overvalued euro.

The analyst Olivier Brochet at brokerage Natixis Securities shared that the group is likely to continue benefiting from the weak euro, which is at present the main reason for the fluctuating share price.

The company also mentioned that the aviation industry was recovering even though the chaos over European Government finances was a reminder that the financial crisis was still there.

Finance Director, Hans Peter Ring said, "The crisis is not yet fully behind us and particularly for commercial helicopters we are only recovering slowly. After the crisis of the financial sector we have seen the crisis of some countries and, following that, the crisis of the euro's weakening which will likely persist for some time".