Buoyant results for Airbus suggest quicker recovery than forecast
Airbus has cut production and jobs to get through the downturn, reducing output by about a third in April and shrinking the workforce by 11%
29 October 2020 - 12:21
Toulouse — Airbus was able to stem the outflow of cash in the third quarter, fuelling the planemaker’s confidence that it can emerge from the Covid-19 pandemic well placed for a swift recovery.
The European company is on track to meet a target of “at least” break-even adjusted free cash flow in the fourth quarter, Airbus said in a statement Thursday. The group generated €600m cash in the three months through September, having burnt through €4.4bn in the second quarter...
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