Airbus, Boeing announce Q1 losses, cut production rate

The two largest airplane makers in the world, Airbus and Boeing announced their Q1-CY20 results today. As anticipated both the manufacturers have declared losses as the world battled COVID-19 and air travel is one the most impacted industries worldwide. Airbus reported revenues of EUR 10.6 billion and a consolidated net loss of EUR 481 million … Continue reading Airbus, Boeing announce Q1 losses, cut production rate