Airbus lost $1.3 billion amid pandemic; expects better 2021
PARIS: European plane maker Airbus lost 1.1 billion euros (USD 1.3 billion) last year amid an unprecedented global slump in air travel because of the pandemic, but expects to deliver hundreds of planes and make a profit in 2021 despite uncertainty about when people will resume flying en masse.
Airbus is also pushing to negotiate a “cease-fire” soon in its years-long trade dispute with U.S. rival Boeing, amid hopes that the Biden Administration will be more amenable than Trump’s government to a deal.
