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The aerospace giant Airbus has posted a profit for Q1 but at the same time has admitted that the “crisis is not over.”
Based on the information it has provided in the report, 125 commercial aircraft were delivered, which is more than in Q1 2020. They included nine A220s, 105 A320 family, one A330 and 10 A350s.
The net income is €362 million ($439 million) in contrast to a loss of €481 million ($522 million) in the same quarter last year. First-quarter revenues were stable at €10.5 billion.
“The good Q1 results mainly reflect our commercial aircraft delivery performance, cost and cash containment, progress with the restructuring plan as well as positive contributions from our helicopter and defence and space activities. The first quarter shows that the crisis is not yet over for our industry, and that the market remains uncertain,” said Airbus Chief Executive Officer Guillaume Faury.