Airbus cuts production by third due to Covid-19 pandemic

Airbus cuts production by third due to Covid-19 pandemic

Airbus is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic.

The company said it delivered 122 planes in the first quarter, but 60 remain undelivered. It delivered only 36 in March, down from 55 in February, as airlines asked to suspend orders while facing huge costs related to a near-total shutdown of air travel.

Airbus CEO Guillaume Faury said: “We are adapting production to the new reality of the airlines.

“We are all going through an unprecedented situation and we want to do this together as much as possible.”

Airbus says it will review its output every month (Axel Heimken/dpa via AP)
Airbus says it will review its output every month (Axel Heimken/dpa via AP)

Mr Faury was unable to indicate how long the production cuts would last, saying only that Airbus would review its output on a monthly basis.

“It is not unlikely that aviation will look different after this Covid-19 crisis,” he said.

The company said it is keeping tight control on its own costs and has not yet applied for government support, but said it might seek help from European government programmes that help pay the salaries of workers put on temporary leave.


More in this Section

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel falloutBerlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Ictu head Patricia King warns Paschal Donohoe against cutting €350 pandemic paymentIctu head Patricia King warns Paschal Donohoe against cutting €350 pandemic payment

Engineers want the Government to increase spending to stimulate the economyEngineers want the Government to increase spending to stimulate the economy

Office supply wholesaler Spicers Ireland is rescued from liquidationOffice supply wholesaler Spicers Ireland is rescued from liquidation


Lifestyle

The phrase “dupe”, short for duplicate, is used in online beauty communities to signify that a product is similar to a more expensive counterpart.The Skin Nerd: Products with star power, without the Hollywood price tag

Struggling to stick to your work routine at home? You’re not alone.10 tips for greater productivity working from home

Relaxing the rules at home has helped Karen Koster and her young family to get through lockdown, says Helen O'CallaghanEasy does it: Relaxing home rules the 'perfect tonic for kids'

Parents who homeschool must feel very confident of their choice these days, surely this global event will add to their number even after schools reopen. Their pioneering spirit isGet the Look: The eco-friendly beauty products you need to buy now

More From The Irish Examiner