Airbus sees stable aircraft deliveries after 2020 loss

Reuters2021-02-18

PARIS (Reuters) - European planemaker Airbus restored business targets after generating cash in the fourth quarter, but withheld a dividend as it posted a pandemic-driven loss for 2020.

Airbus, which has overtaken U.S. rival Boeing to become the world’s largest jetmaker following a 20-month safety grounding of the Boeing 737 MAX, predicted flat 2021 deliveries and a core operating profit of 2 billion euros ($2.4 billion).

The France-based maker of jetliners and helicopters posted a full-year operating loss of 510 million euros. On a widely watched adjusted basis, operating profit slumped 75% to 1.7 billion euros as plunging demand for air travel drove revenues down 29% to 49.9 billion.

($1 = 0.8304 euros)

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Comments

  • SimonChan
    2021-02-22
    SimonChan
    Great, it is a start of Air business.
  • JoeK
    2021-02-19
    JoeK
    Soaring for the surge after the slump. 
  • StocKing
    2021-02-19
    StocKing
    Haha
  • Chewy
    2021-02-19
    Chewy
    I see
  • Jerrybaohua
    2021-02-19
    Jerrybaohua
    Good
  • Junyi155272
    2021-02-18
    Junyi155272
    Wow
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