The Day: Corona Crisis Breaks Airbus Billions In Loss

The corona crisis has hit the aerospace and defense group airbus ripped deep in the red in the second quarter. Because the number of aircraft deliveries slumped, the bottom line was a loss of more than 1.4 billion euros, as the competitor of the US company Boeing announced. A year earlier there had been a profit of just under 1.2 billion euros. Now the group wants to cut back production of its latest long-haul A350 even more than planned. Instead of six, only five machines of the type are to leave the factory every month.

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