Airbus Helicopters sees profits more than double in 1Q2020. | Aviation International News

Airbus Helicopters Grows Revenues, Profits in 1Q20

Improved earnings on the military side of the helicopter business have balanced disappointing news from the struggling oil and gas sector.

By Charles Alcock • Managing Editor

April 29, 2020

Airbus Helicopters made a largely positive contribution to the European aerospace group’s balance sheet in the first quarter, according to results released today by parent company Airbus. In a call with financial analysts this morning, Airbus CEO Guillaume Faury indicated that progress had been achieved in the rotorcraft sector mainly due to a relatively healthy military market and despite the worsening difficulties in the troubled oil-and-gas business.

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