Record profit for Airbus after two years of pandemic losses

Airbus booked a record profit of 4.2 billion euros last year (Suhaimi Abdullah/AP)

Airbus booked a record profit of 4.2 billion euros (£3.5 billion) last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic.

It is the first annual profit for the Toulouse, France, manufacturer since 2018, before the spread of Covid-19 reduced air travel to levels not seen since before the jet era.