Airbus sees output down 40% for 2 yrs

PARIS/TOULOUSE:AIRBUS plane output will be 40% lower for two years compared to pre-crisis plans, its chief executive said in remarks published on Monday, underscoring the threat to jobs as it draws up rapid restructuring plans due to a travel slump.

Reuters reported on June 3 that Airbus was looking to hold underlying jet output at 40% below pre-coronavirus pandemic plans for two years as the basis for the restructuring.

“For the next two years 2020/21 - we assume that production and deliveries will be 40% lower than originally planned,” CEO Guillaume Faury told Die Welt newspaper, saying output would return to normal by 2025.