Global aviation broke its wings by COVID-19, Airbus reported a loss of $ 1.3 billion

Global aviation “broken wings” by COVID-19, Airbus reported a loss of 1.3 billion USD

European aircraft manufacturer Airbus on February 18, announced a net loss in 2020 at 1.1 billion euros (1.3 billion USD).

European aircraft manufacturer Airbus announced a net loss in 2020 of 1.1 billion euros (1.3 billion USD) amid the global aviation industry “collapsed” due to the effects of the inflammatory epidemic. acute respiratory tract COVID-19.

The above business results improved slightly from a loss of 1.4 billion euros at the end of last year when the “giant” of the aircraft manufacturing industry in Europe was fined € 3.6 billion due to the corruption scandal.

According to Airbus Chief Executive Officer Guillaume Faury, “the business results in 2020 demonstrate the resilience of Airbus in the crisis considered to be the most challenging for the aerospace industry”.

Airbus said its revenue decreased from 70.5 billion euros in 2019 to 49.9 billion euros in 2020 due to the difficult business environment affecting the commercial aircraft business, with the number of aircraft. handover decreased 34% compared to the previous year ”.

In 2020, Airbus delivered a total of 566 commercial aircraft to customers, less than 863 in 2019.

Airbus said the outlook for this year is still not improving. CEO Faury said that many uncertainties still affect the aviation industry in 2021, as the COVID-19 pandemic continues to affect life, economy and society.

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