Airbus slumps to £1.2bn loss – but there is good news for aerospace workers
Airbus has slumped to a €1.4bn (£1.17bn) annual loss after receiving record fines for bribery – but plans to increase production levels as order numbers soar.
Operating earnings without the one-time burdens rose 19% to €6.9 billion (£5.79 billion).
Revenues rose 11% to €70.5 billion (£59.1 billion) as the company ramped up production of its A320 twinjet.
But the European aerospace giant that…