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.
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