Commercial aircraft maker Airbus lost 1.36 billion euros ($1.48 billion) in 2019 due to a multibillion-euro bribery settlement with authorities in three countries, but otherwise saw a record year of aircraft deliveries and increased its dividend.
Operating earnings without one-time burdens rose 19% to six .9 billion euros. the corporate said Thursday it might propose a dividend of 1.80 euros per share, up 9% from 2017. Revenues rose 11% to 70.5 billion euros because the company ramped up production of its A320 twinjet.
Airbus saw deliveries of 863 commercial aircraft, up from 800 within the year before. the corporate boosted orders to 768 as competitor Boeing stumbled due to the grounding of its 737 MAX jet after two crashes that killed 346 people. Boeing's net orders were negative due to cancellations and therefore the bankruptcy of an outsized customer, India's Jet Airways, and came in at minus 87.
The large net loss reflected 3.6 billion euros put aside to hide a criminal settlement with authorities within the U.S., France and Britain over past corrupt practices. the corporate also lost 1.2 billion euros due to troubles with its A400M military transport program and 221 million euros because the German government suspended export licenses to Saudi Arabia through March.