Airbus Pays Dividends After 2 Years... This Year's Performance Expected to Improve Further

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Airbus is paying dividends for the first time in two years. Airbus, which struggled due to the pandemic, resumed dividend payments after achieving a record high net profit last year thanks to increased vaccination rates.

On the 17th (local time), according to Bloomberg News and others, Airbus announced along with its earnings report that it will pay a dividend of 1.50 euros (about 2,000 won) per share. This is the first dividend announcement in two years since paying 1.65 euros per share in 2019.

Airbus posted a net profit of 4.213 billion euros last year. The record-high net profit was driven by increased commercial aircraft sales and higher earnings from the defense and helicopter divisions. Guillaume Faury, CEO of Airbus, explained, "Last year was a year of transition from pandemic recovery to growth."

Airbus expects its performance to increase even more this year as the impact of COVID-19 continues to diminish. The number of commercial aircraft deliveries is projected to rise from 611 last year to 720 this year. Although concerns remain regarding supply chain issues, logistics and labor shortages, and inflation, Airbus anticipates the market will recover between 2023 and 2025.

This content was produced with the assistance of AI translation services.