Search archive          Sign up for our Newsletters          Aviation Jobs
Latest Aviation News  |  Industry & Technology  |  Air Transport  |  MRO & Support  |  Aircraft Interiors  |  Editorials  |  Events Calendar  |  About UsFR
 
Aviation News Airbus reports a net loss of 1.36 billion euros in 2019

Airbus reports a net loss of 1.36 billion euros in 2019

AFP
13 FEB 2020 | 165 words

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.

The firm said operating profits rose to 6.9 billion euros ($7.5 billion), adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019.

"We achieved a great deal in 2019. We delivered a strong underlying financial performance driven mainly by our commercial aircraft deliveries," said Airbus Chief Executive Officer Guillaume Faury.

"The reported earnings also reflect the final agreements with the authorities resolving the compliance investigations and a charge related to revised export assumptions for the A400M."

Airbus has agreed to pay 3.6 billion euros in fines to Britain, France and the United States to settle corruption inquiries sparked by suspicious sales.

The company said commercial aircraft orders increased to 768 last year from 747 in 2018.

 
Top stories
21 SEP 2020
Airbus aims for hydrogen-powered plane by 2035 Airbus aims for hydrogen-powered plane by 2035
Airbus is aiming to put the world's first hydrogen-powered commercial plane into service by 2035, the European aircraft maker's boss said in remarks published ... Continue Reading
09 SEP 2020
Boeing says new problem to delay deliveries of 787 Dreamliner Boeing says new problem to delay deliveries of 787 Dreamliner
Boeing said Tuesday it has found a new production issue that will impact deliveries of its 787 Dreamliner, in the latest blow to the ... Continue Reading
22 JUL 2020
Boeing 737 MAX inches towards flying again Boeing 737 MAX inches towards flying again
The grounded Boeing 737 MAX moved another step closer towards flying again Tuesday as US regulators said they would soon accept public comments on ... Continue Reading
21 SEP 2020
Bailout will keep Air France-KLM afloat for less than year: CEO
21 SEP 2020
Airbus aims for hydrogen-powered plane by 2035
10 SEP 2020
Airbus thinks goose tip could trim fuel consumption
09 SEP 2020
China's biggest airshow 'will be held' in November, say backtracking organisers
09 SEP 2020
Mammoth graveyard unearthed at Mexico's new airport
Top stories
 
Latest News     Industry & Technology     Air Transport     MRO & Support     Aircraft Interiors     Editorials
© 2020 Le Journal de l'Aviation - All rights reserved