Airbus SE
Airbus provides update on March commercial aircraft orders & deliveries and adapts production rates in COVID-19 environment
Airbus SE / Key word(s): Miscellaneous Ad-hoc release, 8 April 2020 Airbus provides update on March commercial aircraft orders & deliveries and adapts production rates in COVID-19 environment – Business impacted by COVID-19 pandemic – 21 net orders and 36 deliveries in March 2020 – 290 net orders and 122 deliveries in Q1 2020 – Production rates revised downwards adapting to new market environment After a solid commercial and industrial performance at the beginning of the year, Airbus (stock exchange symbol: AIR) is now revising its production rates downwards to adapt to the new Coronavirus market environment. In Q1 2020, Airbus booked 290 net commercial aircraft orders and delivered 122 aircraft. – A320 to rate 40 per month – A330 to rate 2 per month – A350 to rate 6 per month This represents a reduction of the pre-coronavirus average rates of roughly one third. With these new rates, Airbus preserves its ability to meet customer demand while protecting its ability to further adapt as the global market evolves. Airbus is working in coordination with its social partners to define the most appropriate social measures to adapt to this new and evolving situation. Airbus is also addressing a short-term cash containment plan as well as its longer-term cost structure. “The impact of this pandemic is unprecedented. At Airbus, protecting our people and supporting the fight against the virus are our chief priorities at this time. We are in constant dialogue with our customers and supply chain partners as we are all going through these difficult times together”, said Airbus Chief Executive Officer Guillaume Faury. “Our airline customers are heavily impacted by the COVID-19 crisis. We are actively adapting our production to their new situation and working on operational and financial mitigation measures to face reality.” In its effort to support the fight against the COVID-19, Airbus has carried out extensive work in coordination with social partners to ensure the health and safety of its employees. This has been achieved by implementing new stringent work standards and processes. Airbus is contributing to the development, sourcing and ferrying of medical equipment, including facemasks and ventilators, in support of medical health services. (You can find the full set of orders and deliveries for the month of March 2020 here: https://www.airbus.com/aircraft/market/orders-deliveries.html) * * * About Airbus Contacts for the media
08-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Airbus SE |
P.O. Box 32008 | |
2303 DA Leiden | |
Netherlands | |
Phone: | 00 800 00 02 2002 |
Fax: | +49 (0)89 607 – 26481 |
Internet: | www.airbusgroup.com |
ISIN: | NL0000235190 |
WKN: | 938914 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1019059 |
End of Announcement | DGAP News Service |