Monday, November 30, 2020

Airbus Stems Cash Losses, Warns of Delayed Recovery

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World’s largest plane maker has moved back its narrow body ramp up plans by three months

A decadeslong aerospace boom suddenly ended in Airbus’s home city of Toulouse, France, as global passenger traffic collapsed. WSJ traveled to the aviation capital, where autonomous vehicles and superfast trains could bring back some of the lost jobs. Photo composite: George Downs

Airbus SE stemmed an outflow of cash in the third quarter as it learned to navigate an industry reeling from the pandemic, but also said the aviation market’s recovery would start later than initially forecast.


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