EU aircraft Industry: Airbus reports €1.1 billion in losses due to COVID-19 pandemic

Airbus lost €1.1 billion in revenues due a slump in global travel amid the COVID-19 pandemic in 2020, the company said its 2020 full-year results.

CEO Guillaume Faury said on Thursday that the company's aircraft deliveries were "far lower" than what they had expected this year due the the pandemic, which caused amid travel restrictions.

Read more at: https://www.euronews.com/2021/02/18/airbus-reports-1-1-billion-in-losses-due-to-covid-19-pandemic#