In December 2014, Airbus announced that it would reduce A330 production to nine aircraft per month from ten, due to falling orders. Airbus did not rule out any further production cuts. The announcement led to an immediate drop in Airbus Group's stock price because the company derives a significant percentage of its cash flow and net profit from the A330 program; the A330's financial impact is magnified amid problems in the A350 and A380 programs. In February 2015, Airbus announced that another production rate cut to six aircraft per month would begin in the first quarter of 2016. This would extend A330ceo production to July 2017, allowing for a smooth transition to A330neo production, which was set to start in spring 2017. In February 2016, Airbus announced that it will re-increase the production rate from 6 to 7 per month, as response to new A330 orders.