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Airbus cuts A350 production as revenue slumps

Airbus cuts A350 production as revenue slumps

30 July 2020 Airline News

Airbus has seen revenue fall to €19 billion in the first half of financial 2020, down from €31 billion during the same period last year. A total of 196 commercial aircraft were delivered in the last six months, down from 389 last year.

Airbus plane deliveries stall as travel demand slows

Airbus plane deliveries stall as travel demand slows

9 July 2020 Airline News

The number of commercial aircraft delivered by Airbus fell to a 16-year low in the first half of 2020 new figures reveal. Over the first six months of the year, deliveries fell by 49 per cent, to 196 planes, compared with 389 in the same period last year.

Airbus faces gravest situation company has ever known

Airbus faces gravest situation company has ever known

29 April 2020 Airline News

Airbus posted a net loss of €481 million for the first quarter of 2020, compared with a net profit of €40 million for the same period last year. Chief executive Guillaume Faury said: “We are implementing a number of measures to ensure the future of Airbus.”

Ranque appointed chairman of Airbus

Ranque appointed chairman of Airbus

17 April 2020 Airline News

René Obermann has become chairman of Airbus, succeeding Denis Ranque. The move was made following the annual general meeting in Amsterdam, at which shareholders approved all resolutions on the agenda.