Airbus said it delivered 566 commercial aircraft to 87 customers in 2020, retaining its position as the world's biggest plane maker in a year disrupted by pandemic-triggered havoc in air travel.
The Toulouse-based company delivered 34 per cent fewer aircraft from a record 863 jets handed over to customers a year earlier, it said in a statement on Friday. Its shares closed 0.54 per cent higher at €90.10 ($110.13) at the end of trading on Friday in Paris.
"Working hand-in-hand with our customers allowed us to navigate a difficult year," Guillaume Faury, Airbus chief executive, said. "The Airbus teams, customers and suppliers truly pulled together in the face of adversity to deliver this result."
The results came as the Covid-19 pandemic wiped out air travel demand, forcing airlines to ground aircraft and delay jet deliveries to preserve cash. While Airbus's deliveries fell short of record levels in 2019, they still helped bolster the company's finances in a year that marked the aviation industry's worst crisis.
Airbus deliveries in 2020 puts it ahead of US rival Boeing, which delivered 118 aircraft in the period from January to November. Airbus's lead in market share came as Chicago-based Boeing struggled with the grounding of its best-selling 737 Max narrowbody. Boeing resumed deliveries of the jet, which was grounded in March 2019 following two fatal crashes, in December after regulators lifted the safety ban.
The European aerospace giant recorded 268 net orders in 2020, after adjusting for 115 cancellations, a 65 per cent drop from 768 orders in 2019.
Its backlog stood at 7,184 aircraft after adjusting for cancellations.
In terms of plane models, Airbus's A220 won 64 new orders. The A320 family of narrowbodies won 296 new orders, including 37 for its ultra-long range A321XLR. In the widebody segment, Airbus won 23 new orders including two A330s and 21 A350s.
The pandemic has hit the market for twin-engine jets hard as long-haul travel is expected to be the last segment to recover.
Airbus said it will report full year financial results for 2020 on February 18.
The new strain of the Covid-19 virus has triggered a new wave of lockdowns in key travel markets, stoking concerns about a halt in the fragile recovery of travel demand.
Still, Airbus's deliveries were better than expected given the lockdowns during the year.
"Based on our 2020 deliveries we are cautiously optimistic as we look into 2021, although challenges and uncertainties remain high in the short term," Mr Faury said.
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
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KILLING OF QASSEM SULEIMANI
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ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
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COMPANY%20PROFILE
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
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Fuel consumption: 10.6L/100km
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
What are the influencer academy modules?
- Mastery of audio-visual content creation.
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Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Racecard:
2.30pm: Hamdan bin Rashid Al Maktoun Emirates Breeders Society Challenge; Conditions (PA); Dh40,000; 1,600m
3pm: Handicap; Dh80,000; 1,800m
3.30pm: Jebel Ali Mile Prep Rated Conditions; Dh110,000; 1,600m
4pm: Handicap; Dh95,000; 1,950m
4.30pm: Maiden; Dh65,000; 1,400m
5pm: Handicap; Dh85,000; 1,200m
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
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- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
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- Duration: Can linger for days
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Fuel consumption: 9.1L/100km
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Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Tour de France
When: July 7-29
UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
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Fuel consumption, combined: 10.5L / 100km
THREE
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57%20Seconds
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Scores
Wales 74-24 Tonga
England 35-15 Japan
Italy 7-26 Australia
UAE currency: the story behind the money in your pockets
In The Heights
Directed by: Jon M. Chu
Stars: Anthony Ramos, Lin-Manual Miranda
Rating: ****