European producing big Airbus swung to an functioning decline of €510 million in 2020, down from a financial gain of €1.3 billion the past calendar year.
At the identical time, revenues for the complete calendar year at the plane maker fell 29 for every cent to €50 billon.
Airbus explained there would be no 2020 dividend as a result.
“The 2020 results show the resilience of Airbus in the most complicated crisis to strike the aerospace sector,” said Airbus chief govt, Guillaume Faury.
“Many uncertainties continue to be for our sector in 2021 as the pandemic proceeds to impression lives, economies and societies.
“We have issued guidance to deliver some visibility in a risky natural environment.
“Over the for a longer period expression, our ambition is to lead the development of a sustainable world wide aerospace sector.”
A total of 566 professional plane were shipped final yr, down from 863 planes in 2019.
Internet commercial aircraft orders at Airbus totalled 268 final calendar year, down from 768 aircraft in 2019, while the buy backlog stood at 7,184 professional plane at the finish of December.
Assuming no even more disruptions to the international financial state and aviation, Airbus explained it predicted to produce the similar amount of professional plane in 2021 as past 12 months.
The corporation also targeted an altered operating profit of €2 billion for 2021.