Plus   Neg

Airbus Slips To Loss In H1 - Quick Facts

European plane maker Airbus (EADSF.PK,EADSY.PK) reported that its net loss for the first-half of 2020 was 1.92 billion euros compared to net income of 1.20 billion euros in the previous year. Loss per share was 2.45 euros, compared to earnings per share of 1.54 euros in the prior year. The financial result reflected a negative 212 million euros related to Dassault Aviation as well as the impairment of a loan toOneWeb, recorded in first-quarter 2020 for an amount of negative 136 million euros.

Consolidated revenues for the period decreased to 18.9 billion euros from last year's 30.9 billion euros, hurt by the difficult market environment impacting the commercial aircraft business with around 50% fewer deliveries year-on-year. This was partly offset by more favourable foreign exchange rates.

The company's full-Year 2020 guidance was withdrawn in March. The impact of COVID-19 on the business continues to be assessed and given the limited visibility, in particular with respect to the delivery situation, no new guidance is issued, the company said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT