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By Olivia Bugault Aena SME SA posted a net loss in its first quarter as the number of passengers at its airports plunged due to the coronavirus. The Spanish airport operator booked a loss of 241.2 million euros ($292.5 million) in its first quarter compared with a profit of EUR23.1 million the year prior. Passenger traffic across its Spanish network of airports fell by 80.4% in the first three months of the year to 8.2 million passengers, it said. Revenue fell to EUR353.3 million from EUR782.1 million, it said. "The progress of the vaccination processes in the main European c...

Provided by Dow Jones By Olivia Bugault Aena SME SA posted a net loss in its first quarter as the number of passengers at its airports plunged due to the coronavirus. The Spanish airport operator booked a loss of 241.2 million euros ($292.5 million) in its first quarter compared with a profit of EUR23.1 million the year prior. Passenger traffic across its Spanish network of airports fell by 80.4% in the first three months of the year to 8.2 million passengers, it said. Revenue fell to EUR353.3 million from EUR782.1 million, it said. "The progress of the vac...

Provided by Dow Jones By Olivia Bugault --The company confirmed its cautious guidance for the full year --Airbus will continue to ramp up production despite warning of possible delays in order recovery Airbus SE said Thursday that it swung to a net profit in its first quarter and confirmed its guidance for 2021 but warned that the market recovery will be slower in some regions. "The path to recovery will not be linear," Airbus Chief Executive Officer Guillaume Faury said during a conference call. While some regions are showing encouraging signs of domestic ai...

By Olivia Bugault Airbus SE swung to net profit in its first quarter, the company said Thursday as it confirmed its guidance for 2021. Net profit stood at 362 million euros ($438.9 million), compared with a net loss of EUR481 million a year earlier. Revenue fell 2% to EUR10.46 billion. Airbus's more closely watched adjusted earnings before interest and taxes more than doubled during the first three months of the year to EUR694 million from EUR281 million, it said. The increase in earnings is mainly due to good cost and cash control, as well as the 125 commercial planes delivere...

Provided by Dow Jones By Olivia Bugault Air Liquide SA said Friday that revenue fell slightly in the first quarter, while it confirmed its views for the rest of the year. The French industrial-gas supplier said revenue fell 0.7% on year to 5.33 billion euros ($6.41 billion) in the first quarter. On a comparable basis, revenue rose 3.8%. Revenue from its gas and services activities--which represents 96% of the group sales--dropped 1.7% to EUR5.10 billion in the quarter, while revenue jumped 45% at its engineering and construction business and rose 22% at its glo...