European manufacturing large Airbus swung to an working lack of €510 million in 2020, down from a revenue of €1.three billion the earlier yr.
On the similar time, revenues for the complete yr on the aircraft maker fell 29 per cent to €50 billon.
Airbus mentioned there could be no 2020 dividend consequently.
“The 2020 outcomes reveal the resilience of Airbus in essentially the most difficult disaster to hit the aerospace trade,” mentioned Airbus chief government, Guillaume Faury.
“Many uncertainties stay for our trade in 2021 because the pandemic continues to impression lives, economies and societies.
“Now we have issued steerage to offer some visibility in a risky setting.
“Over the long run, our ambition is to steer the event of a sustainable international aerospace trade.”
A complete of 566 industrial plane have been delivered final yr, down from 863 planes in 2019.
Web industrial plane orders at Airbus totalled 268 final yr, down from 768 plane in 2019, whereas the order backlog stood at 7,184 industrial plane on the finish of December.
Assuming no additional disruptions to the worldwide financial system and aviation, Airbus mentioned it anticipated to ship the identical variety of industrial plane in 2021 as final yr.
The corporate additionally focused an adjusted working revenue of €2 billion for 2021.
