Posted: Thu 18th Feb 2021

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

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Thursday, Feb 18th, 2021

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) ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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