Airbus Chops Output by Third in Grim Virus Hit Measure
- Planemaker slows production of A320 workhorse to 40 a month
- CEO warns crisis will be long-lasting as company reduces costs
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Airbus SE slashed its aircraft output by a third in a stark concession to the coronavirus pandemic that’s upended the aviation industry.
The world’s biggest commercial aircraft manufacturer now plans to produce about 48 planes a month across its A320, A330 and A350 programs, it said Wednesday in a statement. It had gone into the year with a goal of handing over about 880 planes, or an average of 73 per month.