European Aeronautic Stock News

The world’s biggest plane maker tempered expectations for a sharp increase in production of its bestselling jet, blaming supply challenges that threaten its ambitions to widen its advantage over Boeing.

AMSTERDAM (AP) — Airbus booked a record profit of 4.2 billion euros ($4.8 billion) last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It is the first annual profit for the Toulouse, France, manufacturer since 2018, before the spread of COVID-19 reduced air travel to levels not seen in the jet era. The delivered 611 commercial aircraft in 2021, up from 566 the year before. It''s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros ($59.2 billion) for Airbus last year. And the company expects to carry that momentum through 2022, forecasting Thursday that it will deliver 720 commercial aircraft this year. Orders were also robust in its helicopter and defense and space businesses. CEO Guillaume Faury said “2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth." Accentuating that point, Faury said Airbus plans to reintroduce a dividend of 1.50 euro ($1.70) per share, its first in two years.

AMSTERDAM (AP) — Airbus booked a record profit of 4.2 billion euros ($4.8 billion) last year as the aircraft maker…

European aircraft giant Airbus posted record profits in 2021 and restored its dividend, after two years of losses during the COVID pandemic.

While there is excitement in some quarters about hydrogen planes, a considerable amount of work needs to be done to commercialize the technology.

Aerospace firm reports €4.2bn net profit for 2021, raising hopes for industry rebound from Covid crisis Coronavirus – latest updates See all our coronavirus coverage Airbus has announced its highest-ever profits and a return to paying a dividend to shareholders in a sign of the aerospace industry’s burgeoning recovery from the Covid pandemic. The European plane-maker reported record net income for 2021 of €4.2bn (£3.5bn), in stark contrast to the steep €1.1bn loss it experienced in 2020 when the pandemic first hit . The company, which is headquartered in Toulouse, France, made revenues of €52bn, up from €50bn in 2020. Continue reading…

Airbus CEO Guillaume Faury discusses the aerospace giant's outlook amid strong earnings, a dividend payment restart and the race to decarbonize.

Airbus CEO Guillaume Faury discusses the aerospace giant's path toward decarbonization.

European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday.

Airbus hopes to reach an amicable solution in a row with Qatar Airways over damage to the surface of A350 passenger jets, Chief Executive Guillaume Faury said on Thursday.

Europe's Airbus predicted 720 plane deliveries and higher profits in 2022 after its core operating profit almost trebled last year on a partial recovery in jet deliveries and solid defence and helicop

Airbus ([[EADSF]], [[EADSY]]) has launched a review of its defense business that could open the door to enter further strategic partnerships, Reuters reports.The company''s board, led…

(Fixes ESG acronymn in paragraph four) By Tim Hepher

Airbus has launched a review of its defence strategy that could open the door to more strategic partnerships as Europe''s arms makers juggle security threats and pressure from some investors, people familiar with the matter said.

Airbus ([[EADSF]], [[EADSY]]) said it has finalized a deal to sell seven A350 freighters to Singapore Airlines, which would make it the first carrier to operate the new model.The…