Airbus returns to profit but warns crisis is not over.

Airbus announced on Thursday that the company had returned to a profit in the first quarter after a loss of 1.1 billion euros last year due to the coronavirus pandemic.

“The first quarter shows that the crisis is not over for our industry and that the market remains uncertain,” said Guillaume Faury, managing director of the world’s largest aircraft manufacturer, in a statement.

Airbus posted a net profit of 362 million euros ($ 440 million) between January and March, compared with a loss of 481 million euros in the previous year. strengthened the bottom line. Sales fell by 2 percent to 10.5 billion euros.

Airbus delivered 125 commercial aircraft to airlines in the three-month period, compared to 122 in the previous year. In total, Airbus delivered 566 aircraft to airlines in 2020, 40 percent fewer than expected before the pandemic.

Airbus previously warned that the industry may not recover from the disruption caused by the pandemic until 2025, as new virus varieties delay resumption of global air travel.

Given the uncertain outlook, Airbus will not increase aircraft deliveries this year. The company expects to deliver 566 aircraft to airline orders, the same number as last year.

The forecast for the underlying operating profit of two billion euros for the year has been maintained.

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