Airbus pledges profit gain after bribery settlement hit
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TOULOUSE, France (Reuters) - Airbus plunged to a 1.362 billion euro (£1.14 billion) net loss in 2019, weighed down by a multinational bribery settlement, but the European aerospace group pledged to increase operating profit and deliver 880 commercial jets this year.Full-year adjusted operating income, which excludes the criminal settlement and other one-offs, rose 19% to 6.946 billion euros and should top 7.5 billion euros in 2020, Airbus said. Revenue increased 11% to 70.478 billion..