PARIS: Airbus announced Thursday net losses of 1.9 billion euros in the first six months after aircraft delivery halved as a result of the coronavirus crisis.
Airbus reported revenue fell 39 per cent to 18.9 billion euros over the first half - with hefty drop of 55 per cent over the second quarter. With air traffic not expected to return to pre-pandemic levels before 2023-2025, Airbus said it has cut production by 40 per cent.The firm is planning to manufacture 40 Airbus A320s monthly - compared to 60 last year - as well as four A220s and two A330s. A350 production will see a"small adjustment" to five-six aircraft a month, the statement said.The company burned through 12.
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