Air Bus and Dutch Shell face billion dollar loss

Paris: AirBus company, European Airplane company has reported a loss of 2.20 billion US dollar. The company has gone into loss due to the drastic decrease in the purchase of aeroplanes due to the COVID 19.

According to the press release issued by the company, the company will apply some new strategies to reduce the loss for the next six months.

Apart from this, an oil industry company Royal Dutch Shell has also observed a huge loss of 18 billion US dollar.

The company had to bear loss because of fluctuation in oil price due to COVID 19.