Airbus reports loss of €1bn after Covid, and could shed 15,000 jobs | Airbus

Airbus plummeted to a loss of more than €1bn last year and will continue to withhold shareholder payouts after deliveries of its aircraft fell by a third.

The European aerospace giant warned aircraft would remain under pressure in the year ahead amid a “volatile environment” created by the coronavirus pandemic.

Airbus delivered 566 commercial aircraft in 2020, down sharply from 863 the year before, and expects to deliver the same number in 2021.

The company warned last summer that it would face the “gravest crisis” in its history due to the pandemic, and planned to cut as many as 15,000 jobs, including 1,700 in the UK.