German aircraft engine manufacturer MTU reports lower revenues, profits


  • World
  • Friday, 30 Oct 2020

BERLIN, Oct. 29 (Xinhua) -- MTU Aero Engines generated revenues of 2.96 billion euros (3.45 billion U.S. dollars) in the first nine months of the year, 13.1 percent less than in the same period last year, the German aircraft engine manufacturer announced on Thursday.

MTU's commercial engine business was particularly affected amidst the COVID-19 crisis and recorded a "substantial drop" of 25.3 percent in revenues, according to the company.

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