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Airbus to restore business after 2020 loss

, © Airbus

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PARIS - 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 predicted flat 2021 deliveries and a core operating profit of 2 billion euros as rival Boeing grapples with production and certification issues.

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.
© Reuters, | Image: Airbus | 18/02/2021 07:29

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