Browse The Independent’s complete collection of articles and commentary on Airbus. PARIS: European plane maker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash. At the end of June, about 145 commercial aircraft could not be delivered because of the pandemic, Airbus said. Airbus will cut about 15,000 jobs, or more than 10% of its workforce, over the next 12 months as it comes to terms with a plunge in demand for new aircraft due to … All the latest breaking news on Airbus. Production of the ‘SuperJumbo’ will end in 2021Stream of cuts in retail and aviation as industries feel pressure from Covid-19 restrictions'Next week’s financial statement could be the last chance to save millions of jobs'Melrose said gesture ‘shows we are a good custodian for all stakeholders’GKN manufactures parts for Boeing 737 jets and Black Hawk helicoptersPlanemaker to trial pilotless taxi and landing sequences by middle of this yearRemovalDEBRIS test follows years of collaboration between Airbus, the University of Surrey and the Surrey Satellite Technology firmThe 777X is fitted with retractable wingtips that will allow it to fit into many more airports Airbus has further slowed the rate it makes planes after recording a loss of €1.9bn (£1.7bn) in the first half of the year amid the chaos caused …
Reuters Airbus posted a loss of 1.9 billion euros (USD 2.2 billion) for the first half of the year, compared with a profit of 1.2 billion euros a year earlier. “We have calibrated the business to face the new market environment on an industrial basis and the supply chain is now working in line with the new plan.”Airbus reported a €12.4bn cash outflow during the first half of 2020, although the cost-cutting it announced in April meant only €4.4bn of the outflow came in the second quarter, better than analysts had expected.Orders for new aircraft collapsed during the second quarter, as the slump in air travel prompted airlines to cut spending commitments drastically.Revenues slumped to € 18.9bn for the half year, compared with €30.9bn in 2019, after deliveries of commercial aircraft halved.Faury said on Thursday it was “our ambition to not consume cash” during the second half of the year, aside from any requirements for acquisitions or to help customers with financing, as the company retrenches.“The impact of the Covid-19 pandemic on our financials is now very visible in the second quarter, with H1 commercial aircraft deliveries halving compared with a year ago,” Faury said.Orders for new aircraft plunged from 290 in first quarter to eight in April-JuneAirbus reported on Thursday it had only eight new orders between April and June, compared with 290 in the first quarter.The lockdowns around the world have also caused continued operational issues. Airbus Moves to End 16 Years of Litigation, End US Tariffs The manufacturer said it will end a system of financial support from France and Spain that … News about Airbus S.A.S., including commentary and archival articles published in The New York Times. European plane maker Airbus said Thursday July 30, 2020, its deliveries halved during the first six months of the year as travel collapsed during the … Airbus Can Deliver, Just Not Right Now Further deferrals of plane orders might foil the short-term cash targets investors are focused on, but Airbus is still gaining a long-term advantage over Boeing
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