Airbus reported an increase of adjusted earnings before interest and taxes (EBIT) of 19% to €6.9bn in 2019, however this excludes the firm’s recent record €3.6 billion fine imposed by US, UK and Brazilian authorities relating to bribery and corruption.The main driver of this increase was higher production levels on A320 aircraft over the previous 12 months as well as achieving break-even on the A350 wide-body airplane, which saw consolidated revenues increase to €70.5bn from €63.7bn.Airbus chief executive Guillaume Faury, said the firm had managed a very positive 2019 due to the performance of its commercial aircraft deliveries, and acknowledged the

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In