PARIS, Feb 17 ― European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed today.
“2021 was a year of transition, where our attention shifted from navigating the pandemic towards recovery and growth,” Airbus chief executive Guillaume Faury said in the earning statement. Deliveries are an important gauge of profitability in the aviation industry as clients pay most of their bills when they receive their orders.
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