Airbus charts starting of restoration in first quarter | Information

Airbus charts beginning of recovery in first quarter | News

Airbus has reported consolidated internet earnings of €362 million for the primary quarter of 2021, in comparison with a internet lack of €481 million for a similar interval final yr.

Consolidated reported earnings per share stood at €0.46 for the primary quarter, up from a lack of €0.61 per share final yr.

“The great quarter one outcomes primarily mirror our industrial plane supply efficiency, value and money containment, progress with the restructuring plan in addition to optimistic contributions from our helicopter and defence and area actions,” mentioned Airbus chief government, Guillaume Faury.

“The primary quarter reveals that the disaster just isn’t but over for our trade, and that the market stays unsure.

“We’re investing in innovation and within the transformation of our firm to ship on our long-term ambitions throughout the portfolio.”

Airbus acquired orders for a complete of 39 industrial planes over the primary three months of the yr, dramatically down from the 356 recorded within the first quarter final yr.

All however one of many new orders have been for single-aisle plane.

Nonetheless, the producer nonetheless has an order backlog comprising 6,998 plane.

Consolidated revenues for the primary quarter have been broadly steady year-on-year, standing at €10.5 billion, in comparison with €10.6 billion final yr.

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