Airbus reports beginning of recovery in the first quarter

Airbus has reported consolidated net income of €362 million for the first quarter of 2021, as compared to a net loss of €481 million for the same period last year. Consolidated reported earnings per share stood at €0.46 for the first quarter that is up from a loss of €0.61 per share last year. Airbus received orders for a total of 39 commercial planes over the first three months of the year, dramatically down from the 356 recorded in the first quarter last year.

All but one of the new orders was for single-aisle aircraft. However, the manufacturer still has an order backlog comprising 6,998 aircraft. Consolidated revenues for the first quarter were broadly stable year-on-year, standing at €10.5 billion, compared to €10.6 billion last year. Guillaume Faury, Chief Executive, Airbus said in a statement that the good quarter one results mainly reflect the commercial aircraft delivery performance, cost and cash containment, progress with the restructuring plan as well as positive contributions from the helicopter and defense and space activities.

He mentioned that the first quarter shows that the crisis is not yet over for the industry and that the market remains uncertain. He shared that Airbus is investing in innovation and in the transformation of the company to deliver on long-term ambitions across the portfolio.

Tags: Airbus