CONTENT PREVIEW
Industry

Airbus reports revenue gain, net loss in 2019

13 February 2020
Follow

Airbus' revenue surged 11% to EUR70.5 billion (USD76.4 billion) in 2019, as robust commercial aircraft deliveries more than offset a weak performance at Airbus Defence and Space.

But Airbus recorded a net loss of EUR1.4 billion last year, compared to a net profit of EUR3.1 billion in 2018, due to a series of one-time negative adjustments. The company agreed to pay EUR3.6 billion in penalties to settle allegations it engaged in bribery and corruption and filed inaccurate export licence applications.

Airbus also took a EUR1.2 billion charge on the long-troubled A400M military transport plane due to "revised export assumptions". A negative adjustment of EUR221 million stems from Germany's ban on defence exports to Saudi Arabia.

Want to read more? For analysis on this article and access to Jane's unrivalled data and insight, learn more about our subscription options at janes.com/products





(140 of 334 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT