Airbus says only partial impact of Covid-19 apparent in 1Q2020 results | Aviation International News

Airbus Sees More Pain in Commercial Market Through 3Q2020

Airliner deliveries could fall further during the second and third quarters of 2020, resulting in greater financial pressure on the aerospace supply chain.

Airbus is deferring further decisions on possible workforce reductions until June, when it expects to have a clearer idea of reduced demand for airliners. Meanwhile it continues to invest in the automation of production, including at its A320 structures facility in Hamburg. [Photo: Airbus]

By Charles Alcock • Managing Editor

April 29, 2020

Airbus does not expect to have clear visibility of the full short- to medium-term impact of the Covid-19 crisis until June. In a briefing for financial analysts this morning to announce diminished first-quarter results for 2020, the European aerospace group indicated that it will likely defer decisions on steps to right-size the business for another two or three months to allow more time to reassess the situation of its airline customers and also to get more complete guidance from governments on steps to ease lockdown restrictions.

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