Name: Wary Airbus braces for another volatile year
Uploaded: 2021-02-19T22:35:39.000Z
Duration: 1 min 23 s
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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.

There were costs to in shutting down its loss making line off a 3 80 super jumbos.

Now the firm is wary about 2021 predicting no upturn in jet deliveries.

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.

But Thursday also saw fresh signs off just how tough life is for Airbus customers.

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.

 The group last year shared about 10% off its workforce and says another 6000 jobs will go in the coming years. 