Airbus expects production to drop 40% in the next two years

Airbus has expected Airbus to drop its production by 40% over the next two years due to the Corona virus crisis.

Geum Fawry, CEO of Die Welt newspaper, said: For the next two years - 2020/2021 - we assume production and deliveries are 40% lower than planned, starting The command.

Airbus had previously said it might cut production by an average of a third. But Reuters reported on June 3 that the company was considering reducing aircraft production to less than 40 percent from two-year pre-pandemic plans, adding pressure to cutting thousands of jobs.