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Airbus reports €1.36 billion loss | The Malaysian Insight

Airbus reports €1.36 billion loss

13/2/2020 4:36:00 PM

Airbus reports €1.36 billion loss

Fines to settle bribery cases hit bottomline of European planemaker.

Copy URLhe firm said operating profits rose to €6.9 billion, adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019. – EPA pic, February 13, 2020.AIRBUS today reported a net loss of €1.36 billion (RM6.13 billion) in 2019 after being hit by a €3.6 billion fine over a bribery scandal and extra development costs for the A400M transport aircraft.

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The firm said operating profits rose to €6.9 billion, adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019. Read more: TheMalaysianInsight »

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Airbus reports 2019 net loss of €1.36 bilAirbus has agreed to pay €3.6 billion in fines to Britain, France and the US to settle corruption inquiries. FMT News Airbus

Airbus reports 2019 net loss of €1.36 bilAirbus has agreed to pay €3.6 billion in fines to Britain, France and the US to settle corruption inquiries. FMT News Airbus

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