Airbus posts full-year 2019 net loss of €-1,362 million

Airbus' net commercial aircraft orders increased to 768 aircraft (2018: 747 aircraft), including 32 A350 XWBs, 89 A330s and 63 A220s. At the end of 2019, the order backlog reached 7,482 commercial aircraft. Airbus Helicopters achieved a book-to-bill ratio by value above 1 in a difficult market, recording 310 net orders in the year (2018: 381 units). This included 25 helicopters from the Super Puma family, 23 NH90s and 10 H160s. Airbus Defence and Space's order intake by value of € 8.5 billion was supported by A400M services contracts and key contract wins in Space Systems.

Consolidated order intake in 2019 increased to €81.2 billion (2018: €55.5 billion) with the consolidated order book valued at €471 billion on 31 December 2019 (end December 2018: €460 billion).

Consolidated revenues increased to €70.5 billion (2018: €63.7 billion), mainly driven by the higher commercial aircraft deliveries and a favorable mix at Airbus, and to a lesser extent the favorable exchange rate development. A record 863 commercial aircraft were delivered (2018: 800 aircraft), comprising 48 A220s, 642 A320 Family, 53 A330s, 112 A350s and eight A380s. Airbus Helicopters recorded stable revenues supported by growth in services, which offset lower deliveries of 332 rotorcraft (2018: 356 units). Revenues at Airbus Defense and Space were broadly stable compared to the previous year.

Consolidated EBIT Adjusted increased to €6,946 million (2018: €5,834 million), mainly reflecting the operational performance at Airbus, partially offset by Airbus Defense and Space's performance and additional ramp-up costs.

Airbus' EBIT Adjusted increased by 32% to €6,358 million (2018: €4,808 million), largely driven by the A320 ramp-up and NEO premium, together with good progress on the A350.

Consolidated EBIT (reported) was €1,339 million (2018: €5,048 million), including Adjustments totaling a net €-5,607 million. These Adjustments comprised €-3,598 million related to the penalties; €-1,212 million related to the A400M charge; €-221 million related to the suspension of defense export licenses to Saudi Arabia by the German government, now prolonged to March 2020; €-202 million related to A380 program cost; €-170 million related to the dollar pre-delivery payment mismatch and balance sheet revaluation; €-103 million related to Premium AEROTEC's restructuring plan launched to improve its competitiveness; €-101 million of other costs, including compliance costs partially offset by positive capital gains from the Alestis Aerospace and PFW Aerospace divestments.

Consolidated reported loss per share of €-1.75 (2018 earnings per share: €3.94) includes a negative impact from the financial result, mainly driven by the revaluation of financial instruments. The financial result  was €-275 million (2018: €-763 million). The consolidated net loss⁽ was €-1,362 million (2018 net income: € 3,054 million). (€1.00 = US$1.08 at time of publication.)