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Airbus 2021 income up 4% on higher commercial aircraft deliveries

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Logistics Update Africa News
Airbus 2021 income up 4% on higher commercial aircraft deliveries

European aircraft maker Airbus reported a 4 percent increase in consolidated revenues to €52.1 billion ($59.4 billion) on higher commercial aircraft deliveries that was marginally offset by unfavourable forex rates. A total of 611 commercial aircraft were delivered (2020: 566 aircraft) including 50 A220s, 483 A320 family, 18 A330s, 55 A350s and 5 A380s, according to an official statement. "2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth," says Guillaume Faury, Chief Executive Officer, Airbus. "The strong financials reflect the higher number of commercial aircraft deliveries, the good performance of our Helicopters and Defence and Space businesses as well as our efforts on cost containment and competitiveness. Record net income and our efforts to strengthen the net cash position underpin our proposal to reintroduce dividend payments going forward."

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