Airbus reports net loss of 1.1 billion euros in 2020 due to COVID-19
AFP
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European aircraft giant Airbus said Thursday it was able to limit its losses last year as the airline sector collapsed in the wake of the coronavirus pandemic.
Airbus said in a statement that it booked a net loss of 1.1 billion euros ($1.3 billion) in 2020, a slight improvement over the previous year's bottom-line loss of 1.4 billion euros, demonstrating the group's "resilience... in the most challenging crisis to hit the aerospace industry".