The stock exchange day: Billions in loss, no dividends: Airbus stumbles in the crisis

The stock market day
Loss of billions, no dividends: Airbus stumbles in the crisis

The corona crisis and the Planned cut of thousands of jobs have the aircraft manufacturer Airbus 2020 as expected Billions in loss rocked in. Thanks to a profit in the fourth quarter, the bottom line was only one for the full year Loss of 1.1 billion eurosas the company announced. This means that Airbus performed better than analysts expected. Before interest, taxes and special items (adjusted EBIT), profit for the year as a whole slumped by 75 percent to 1.7 billion euros, but was thus higher than expected by industry experts. The shareholders should as for 2019 waive a dividend for 2020 as well. For 2021, Airbus boss Guillaume Faury is aiming to deliver as many aircraft as in the previous year. The manufacturer handed over 566 machines to its customers. The adjusted EBIT is expected to rise to around 2 billion euros.

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