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Airbus reports 2019 net loss of 1.36 billion euros

Friday, February 14, 2020, 7:50 AM

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.The firm said operating profits rose to 6.9 billion euros (USD 7.5 billion), adding that it expected to deliver about 880 commercial planes in 2020 against 863 in 2019.