Airbus sees stable aircraft deliveries after 2020 loss

PARIS: European planemaker Airbus restored key business targets after generating cash in the fourth quarter, but withheld a dividend as it posted a pandemic-driven loss for 2020 amid the industry’s “most challenging crisis”.

Airbus, which has overtaken U.S. rival Boeing to become the world’s largest jetmaker after a 20-month safety grounding of the Boeing 737 MAX, predicted flat 2021 deliveries and adjusted operating profit of 2 billion euros ($2.4 billion).