Â鶹´«Ã½

Skip to main content

After 2 years of pandemic losses, a record profit for Airbus

An Airbus A350-1000 aircraft participates in a fly-by during the Singapore Airshow 2022 at Changi Exhibition Centre in Singapore, Tuesday, Feb. 15, 2022. (AP Photo/Suhaimi Abdullah) An Airbus A350-1000 aircraft participates in a fly-by during the Singapore Airshow 2022 at Changi Exhibition Centre in Singapore, Tuesday, Feb. 15, 2022. (AP Photo/Suhaimi Abdullah)
Share
AMSTERDAM -

Airbus booked a record profit of 4.2 billion euros (US$4.8 billion) last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic.

It is the first annual profit for the Toulouse, France, manufacturer since 2018, before the spread of COVID-19 reduced air travel to levels not seen since before the jet era.

Airbus delivered 611 commercial aircraft in 2021, up from 566 the year before. It's an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros ($59.2 billion) for Airbus last year.

And the company expects to carry that momentum through 2022, forecasting Thursday that it will deliver 720 commercial aircraft this year.

Orders were also robust in its helicopter and defense and space businesses.

CEO Guillaume Faury said "2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth."

Accentuating that point, Faury said Airbus plans to reintroduce a dividend of 1.50 euro ($1.70) per share, its first in two years.

The company recently canceled Qatar Airways orders for several planes amid a dispute over the quality of paint and surfaces on some Airbus jets. The Middle Eastern carrier is suing Airbus in a London court.

The spat has benefited U.S. rival Boeing, with Qatar announcing that it plans to order Boeing 737 Max jets instead.

CTVNews.ca Top Stories

British Columbia saw a rare unanimous vote in its legislature in October 2019, when members passed a law adopting the United Nations Declarations on the Rights of Indigenous Peoples, setting out standards including free, prior and informed consent for actions affecting them.

A pedestrian has died after reportedly getting struck by an OPP cruiser in Bala early Sunday morning.

Two and a half years after losing her best friend and first love to suicide, Brooke Ford shared her story of grief and resilience at the CMHA Windsor-Essex Suicide Awareness Walk.

opinion

opinion How to make the most out of your TFSA

The Tax-Free Savings Account can be a powerful savings tool and investment vehicle. Financial contributor Christopher Liew explains how they work and how to take full advantage of them so you can reach your financial goals faster.

Local Spotlight

A tale about a taxicab hauling gold and sinking through the ice on Larder Lake, Ont., in December 1937 has captivated a man from that town for decades.

When a group of B.C. filmmakers set out on a small fishing boat near Powell River last week, they hoped to capture some video for a documentary on humpback whales. What happened next blew their minds.

A pizza chain in Edmonton claims to have the world's largest deliverable pizza.

Sarah McLachlan is returning to her hometown of Halifax in November.

Wayne MacKay is still playing basketball twice at Mount Allison University at 87 years old.

A man from a small rural Alberta town is making music that makes people laugh.

An Indigenous artist has a buyer-beware warning ahead of Sept. 30, the National Day for Truth and Reconciliation.

Police are looking to the public for help after thieves broke into a Lethbridge ice creamery, stealing from the store.

An ordinary day on the job delivering mail in East Elmwood quickly turned dramatic for Canada Post letter carrier Jared Plourde. A woman on his route was calling out in distress.

Stay Connected