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Airbus says 2020 was the jet industry's most challenging crisis On Thursday, The world's biggest maker off airliners posted an operating loss for the year off €510 million or about $614 million.
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The global travel slump sparked a big restructuring at the firm, saddling it with hefty charges.
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There were costs to in shutting down its loss making line off a 3 80 super jumbos.
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Now the firm is wary about 2021 predicting no upturn in jet deliveries.
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It's also scrapped it's dividend for a second year and slashed the value off planes it has on order, though it does expect adjusted operating profits to rise.
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But Thursday also saw fresh signs off just how tough life is for Airbus customers.
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Air France KLM says it will plunge to yet deeper losses before seeing a recovery that as it posted an $8.5 billion net loss for 2020 and put back a key profitability goal.
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The group last year shared about 10% off its workforce and says another 6000 jobs will go in the coming years.