Airbus revenue drops 23% to €19.7B in Q4

Thursday, 18. February 2021 06:54

Airbus SE announced on Thursday that its revenue stood at €19.75 billion in the fourth quarter of fiscal 2020, plunging 23% compared to the same period last year, while its net income landed at €1.55 billion in contrast with 2019's final-quarter net loss of €3.55 billion.

For the full year 2020, the aerospace giant booked revenues of €49.91 billion, which is 41.2% lower year-on-year, while its adjusted earnings before interest and taxes (EBIT) came in at €1.7 billion, deteriorating compared to 2019's €6.9 billion.

"The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry," said Airbus Chief Executive Officer Guillaume Faury. "Many uncertainties remain for our industry in 2021 as the pandemic continues to impact lives, economies and societies. We have issued guidance to provide some visibility in a volatile environment. Over the longer term, our ambition is to lead the development of a sustainable global aerospace industry," he added.

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Breaking the News / NL