Airbus downbeat on recovery outlook as uncertainty persists
CEO Guillaume Faury says ‘pace of recovery depends on the evolution of the pandemic and rate and effectiveness of vaccines’
18 February 2021 - 19:25
Paris — Airbus issued cautious guidance on the pace of its recovery from aviation’s worst-ever crisis and said it generated €4.9bn in cash during the fourth quarter.
The European planemaker rode a December flurry of jet deliveries to beat its target to break even for a second straight quarter, based on adjusted free cash flow. Yet jet handovers are forecast to stay at 2020’s depressed levels in 2021, even as Airbus plans to ramp up production in the second half...
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