Aircraft
Airbus Says It Is Rebalanced for Covid Market Conditions
Despite declining revenue and earnings in the first three quarters of 2020, Airbus says it is making progress in harsh Covid trading conditions.
On September 28, Japan's Peach Aviation took delivery the first of 28 A320neo narrowbodies it has on order. (Photo: Airbus)
On September 28, Japan's Peach Aviation took delivery the first of 28 A320neo narrowbodies it has on order. (Photo: Airbus)

Despite a slower than anticipated recovery in the air transport sector, Airbus said on October 29 that it is making progress in efforts to stabilize its balance sheet in the wake of continuing disruption from the Covid-19 pandemic. Announcing results for the first nine months of 2020, the European aerospace group said it has made progress in stabilizing cash flow during the third quarter.