The CoV pandemic brought the Upper Austrian aviation supplier into a lot of turbulence in 2020. The bottom line was the operating loss in the Corona year was 74,4 million euros.

In the 2019 financial year, there was still an operating profit of 22,1 million euros to celebrate. The listed company is a long way from these numbers this year. Not only are the airlines suffering from the pandemic, the aircraft market has also collapsed. FACC CEO Robert Machtlinger believes a rapid recovery is unlikely.

FACC's turnover shrank by 126,2 million euros to 526,9 million euros because significantly fewer aircraft have been built since the outbreak of the pandemic. These horrific numbers prompted management to put 650 employees at the door. “That was the most painful chapter in the history of FACC. It wasn't easy for me, but it was necessary, ”said Machtlinger. 

“We expect the market to slowly recover starting in the second half of the year. The demand for mobility will develop accordingly. The decisive factor here, however, will be the rapid and extensive vaccination against Covid-19, ”says Machtlinger. Nonetheless, it will take a few years for the industry to fully recover from the current crisis. Specifically, FACC AG expects a period of four to five years.