Airbus Turns To Profit In Q1, Revenues Nearly Flat; Backs FY21 Outlook
SCHIPHOL-RIJK (dpa-AFX) - European plane maker Airbus SE (EADSF.PK, EADSY.PK) reported Thursday that its first-quarter consolidated net income was 362 million euros, compared to last year s net loss of 481 million euros. Earnings per share were 0.46 euro, compared to loss of 0.61 euro a year ago.
Consolidated EBIT amounted to 462 million euros, significantly higher than prior year s 79 million euros.
Consolidated EBIT Adjusted increased to 694 million euros from prior year s 281 million euros.
Consolidated revenues were 10.5 billion euros, slightly lower than last year s 10.6 billion euros.
The company delivered 125 commercial aircraft in a market environment that remains uncertain. ....