Airbus reports first-quarter 2020 net loss of €481 million

Airbus has reported consolidated financial results for its first-quarter 2020.

Consolidated revenues ​decreased to €10.6 billion, down 15% compared to the first-quarter of 2019, reflecting the difficult market environment impacting the commercial aircraft business with 40 less deliveries than a year earlier, partly offset by a better mix and a more favorable foreign exchange environment.

A total of 122 commercial aircraft were delivered (Q1 2019: 162 aircraft), comprising eight A220s, 96 A320 Family, four A330s and 14 A350s. Airbus Helicopters delivered 47 rotor-craft (Q1 2019: 46 units) with its 19% increase in revenues reflecting the favorable delivery mix and growth in services. Revenues at Airbus Defense and Space were stable year-on-year. One A400M transport aircraft was delivered in the quarter.

Airbus reported EBIT Adjusted of €281 million, down 49% from the previous year. The company reported a net loss of € 481 million for the first-quarter. Consolidated free cash flow ​​amounted to ​€ -8,030 million and included the payment of € 3.6 billion in penalties related to January 2020’s compliance agreement with the authorities. (€1.00 = US$1.08 at time of publication.)

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