Coronavirus fallout: Airbus Q1 operating profit plunges 49%
Europe's largest aerospace group also reported a negative cashflow of 8.03 billion euros
- Apr 29, 2020,
- Updated Jul 30, 2020 2:53 PM IST
Planemaker Airbus posted on Wednesday a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenues fell 15% to 10.631 billion amid the "gravest crisis the aerospace industry has ever known".
Europe's largest aerospace group also reported a negative cashflow of 8.03 billion euros including a previously published record 3.6 billion euro fine to settle bribery and corruption investigations in Britain, France and the United States.
Also read: Coronavirus effect: British Airways to axe around 12,000 jobs
Planemaker Airbus posted on Wednesday a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenues fell 15% to 10.631 billion amid the "gravest crisis the aerospace industry has ever known".
Europe's largest aerospace group also reported a negative cashflow of 8.03 billion euros including a previously published record 3.6 billion euro fine to settle bribery and corruption investigations in Britain, France and the United States.
Also read: Coronavirus effect: British Airways to axe around 12,000 jobs