Still, the company said it was heavily affected by the German government's decision to ban the export of military equipment to Saudi Arabia. According to the company's management, the extension of the ban was worth $ 297 million ($ 6.8 billion).
Profit from the Defense and Aviation Division fell to EUR 101 million (EUR 2.3 billion) from EUR 112 million (CZK 2.56 billion) a year ago. On the other hand, higher sales of A320neo aircraft and reduced costs for the larger A350 model contributed to a significant increase in adjusted profits. However, Airbus continues to face challenges in producing new A321 cabs.
Operating profit for the helicopter division was 15 million euros (342.9 million kronor) compared to a loss of 3 million euros last year. This was due to higher sales and service revenues.