Airbus Reports 50 Percent Drop in Plane Deliveries as Covid-19 Crisis Batters Aviation Market
4 years, 4 months ago

Airbus Reports 50 Percent Drop in Plane Deliveries as Covid-19 Crisis Batters Aviation Market

News 18  

European planemaker Airbus saw its deliveries halve during the first six months of the year as travel collapsed during the pandemic and airlines scrounged for cash. The company, based in France, said Thursday that its deliveries fell almost 50 per cent to 196, with revenue sliding almost 40 per cent to 18.9 billion euros. "The impact of the COVID-19 pandemic on our financials is now very visible," said Chief Executive Officer Guillaume Faury. Airbus posted a loss of 1.9 billion euros for the first half of the year, compared with a profit of 1.2 billion euros a year earlier.

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Europe's Airbus to lay off 2,500 as it tries to turn around its space and defense division
2 months, 1 week ago

Europe's Airbus to lay off 2,500 as it tries to turn around its space and defense division

The Independent  

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Airbus Cuts Guidance as Supply-Chain Snags Continue to Bite
6 months ago

Airbus Cuts Guidance as Supply-Chain Snags Continue to Bite

Live Mint  

-- Airbus SE cut its earnings and aircraft-delivery goal for the year because persistent supply-chain issues are depriving the European planemaker of vital components, dealing a setback to the company at a time when demand for its aircraft is at a record. Airbus has long warned of supply-chain issues and a lack of skilled workers, after the pandemic first grounded …

Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger
10 months, 1 week ago

Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger

Associated Press  

PARIS — Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. “We progressed on our production ramp-up against a backdrop of an operating environment that remains complex and affected by supply chain challenges and geopolitical conflicts so at the end that’s quite an achievement in my view,” …

Boeing orders rise to 4-year high but still trail Airbus
1 year, 11 months ago

Boeing orders rise to 4-year high but still trail Airbus

Associated Press  

Boeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but it failed again to catch up with European manufacturer Airbus in orders and aircraft deliveries. And Boeing scored more widebody orders last year — Airbus wound up with more cancellations than new sales for its biggest planes. Boeing’s 2022 results …

After 2 years of pandemic losses, a record profit for Airbus
2 years, 10 months ago

After 2 years of pandemic losses, a record profit for Airbus

Associated Press  

AMSTERDAM — Airbus booked a record profit of 4.2 billion euros last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It’s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros for Airbus last year. CEO Guillaume Faury said “2021 was a year of transition, where our …

IATA says Covid-19 crisis will cost airlines more than $157 billion
4 years, 1 month ago

IATA says Covid-19 crisis will cost airlines more than $157 billion

CNN  

London CNN Business — More huge losses are looming for the airline industry as carriers brace for the Covid-19 crisis to extend well into 2021. De Juniac said that Covid-19 made 2020 the worst financial year on record “bar none.” The industry group expects net losses to total$118.5 billion, worse than the$84.3 billion forecast in June. “With airlines expected to …

Airbus suffers big loss as misery for planemakers continue
4 years, 1 month ago

Airbus suffers big loss as misery for planemakers continue

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Hours after Boeing revealed large financial losses due to coronavirus, its European rival, Airbus, has announced …

Air France-KLM Reports Whopping Loss of 2.6 Billion Euros in Q2 2020 Due to Covid-19 Disruption
4 years, 4 months ago

Air France-KLM Reports Whopping Loss of 2.6 Billion Euros in Q2 2020 Due to Covid-19 Disruption

News 18  

Air France-KLM on Thursday announced a second-quarter loss of 2.6 billion euros, thanks to grounded flights during the virus pandemic, adding that the twin airlines must "significantly reduce" the workforce. Group CEO Benjamin Smith said: "The second-quarter results demonstrate the unprecedented impact of the COVID-19 crisis on the activity of the Air France-KLM Group and of all airlines worldwide". "The …

Coronavirus fallout: Air France set to layoff 7,600 employees; will slash 40 pc workforce by 2022
4 years, 5 months ago

Coronavirus fallout: Air France set to layoff 7,600 employees; will slash 40 pc workforce by 2022

India TV News  

Air France is set to cut nearly 7,600 posts due to the COVID-19 pandemic, the French government has confirmed, calling on the airline to make as few compulsory redundancies as possible. In detail, Air France planned 6,560 layoffs, including 430 pilots, 1,560 flight attendants and more than 4,500 ground staff. The French state, which owns 14.3 per cent of the …

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