Thursday, February 13, 2020

Airbus Stock Down On Hefty Q4 Loss; Raises Stake In A220 Program

Shares of Airbus SE were losing around 1 percent in the early morning trade on Thursday after the European plane maker reported hefty loss in its fourth quarter due to charges. Revenues, however, increased with strong commercial aircraft deliveries. Separately, Airbus announced that it has increased stake in Airbus Canada Limited Partnership, responsible for the A220 commercial jet program.

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