<p>European aircraft giant Airbus said Thursday it was able to limit its losses last year, even as the airline sector collapsed in the wake of the coronavirus pandemic.</p>.<p>Airbus said in a statement that it booked a net loss of 1.1 billion euros ($1.3 billion) in 2020.</p>.<p>That was a slight improvement over the previous year's bottom-line loss of 1.4 billion euros, when Airbus had been hit with a huge fine of 3.6 billion euros in a corruption scandal.</p>.<p>"The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry," said chief executive Guillaume Faury.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/airbus-signs-deal-with-gmr-group-947608.html" target="_blank">Airbus signs deal with GMR Group</a></strong></p>.<p>Group revenues plunged to 49.9 billion euros from 70.5 billion euros a year earlier, "driven by the difficult market environment impacting the commercial aircraft business with 34 percent fewer deliveries year-on-year," Airbus said.</p>.<p>A total of 566 commercial aircraft were delivered, comprising 38 A220s, 446 A320s, 19 A330s, 59 A350s and four A380s, compared with 863 aircraft in 2019.</p>.<p>Airbus said it saw no immediate improvement for the industry's prospects for now.</p>.<p>"Many uncertainties remain for our industry in 2021 as the pandemic continues to impact lives, economies and societies," Faury said.</p>
<p>European aircraft giant Airbus said Thursday it was able to limit its losses last year, even as the airline sector collapsed in the wake of the coronavirus pandemic.</p>.<p>Airbus said in a statement that it booked a net loss of 1.1 billion euros ($1.3 billion) in 2020.</p>.<p>That was a slight improvement over the previous year's bottom-line loss of 1.4 billion euros, when Airbus had been hit with a huge fine of 3.6 billion euros in a corruption scandal.</p>.<p>"The 2020 results demonstrate the resilience of Airbus in the most challenging crisis to hit the aerospace industry," said chief executive Guillaume Faury.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/business-news/airbus-signs-deal-with-gmr-group-947608.html" target="_blank">Airbus signs deal with GMR Group</a></strong></p>.<p>Group revenues plunged to 49.9 billion euros from 70.5 billion euros a year earlier, "driven by the difficult market environment impacting the commercial aircraft business with 34 percent fewer deliveries year-on-year," Airbus said.</p>.<p>A total of 566 commercial aircraft were delivered, comprising 38 A220s, 446 A320s, 19 A330s, 59 A350s and four A380s, compared with 863 aircraft in 2019.</p>.<p>Airbus said it saw no immediate improvement for the industry's prospects for now.</p>.<p>"Many uncertainties remain for our industry in 2021 as the pandemic continues to impact lives, economies and societies," Faury said.</p>