Airbus reports 29% slide in revenue during “most challenging crisis to hit the aerospace industry”

The number of planes delivered by Airbus fell by 34% in 2020 and expects to deliver the same number of jets in 2021.

Airbus post a net loss of £980m (€1.13bn) amid a global slump in air travel because of the pandemic.

Full year results published this morning show revenue fell 29 per cent to £42 billion but expects to make a profit this year.

The world’s largest plane maker delivered 566 commercial jets last year down from 863 in 2019.

Airbus took in 268 commercial plane orders, down from 768 the year before.

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Chief Executive Officer Guillaume Faury said:

“The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry.”

“I want to thank our teams for their great achievements in 2020 and acknowledge the strong support of our Helicopters and Defence and Space businesses.”

“I would also like to thank our customers, suppliers and partners for their loyalty to Airbus.”

“Many uncertainties remain for our industry in 2021 as the pandemic continues to impact lives, economies and societies. We have issued guidance to provide some visibility in a volatile environment.”

“Over the longer term, our ambition is to lead the development of a sustainable global aerospace industry.”

Airbus said there would be no 2020 dividend as a result.

Consolidated Airbus – Full-Year (FY) 2020 Results (Amounts in Euro)