Inflight - Alexander Preston
The financial results of both Airbus and Boeing show a market environment strongly impacted by the COVID-19 pandemic.
First out of the trap was Airbus, who announced a 56% fall in revenues for its commercial aircraft arm.
“We saw a solid start to the year both commercially and industrially, but we are quickly seeing the impact of the COVID-19 pandemic coming through in the numbers,” said Airbus CEO Guillaume Faury. “We are now in the midst of the gravest crisis the aerospace industry has ever known.”...more