Airbus has reported consolidated financial results for its first-quarter 2020.
Consolidated revenues decreased to €10.6 billion, -15% compared to first-quarter 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 more favourable 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 rotorcraft (Q1 2019: 46 units) with its 19% increase in revenues reflecting the favourable delivery mix and growth in services. Revenues at Airbus Defence 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.
Source: AviTrader
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