Coronavirus pushes Airbus into $521 million Q1 loss

European aviation giant Airbus reports a first quarter net loss of 481 million euros ($521 million) under the impact of the coronavirus crisis.

The loss compared to a profit of 40 million euros ($43 million) in the same period last year.

Revenues fall 15.2 percent to 10.6 billion euros, reflecting a “market environment strongly impacted” by the pandemic, “particularly in commercial aircraft.”


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