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Airbus deliveries plunge 80% in April

Published 05/07/2020, 01:00 PM
Updated 05/07/2020, 01:05 PM
© Reuters. The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais
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PARIS (Reuters) - Airbus (PA:AIR) deliveries tumbled 80% to just 14 aircraft in April, compared with a year earlier, as operations were hit by the coronavirus crisis, company data showed on Thursday.

The handovers, down from 70 planes in the same month of 2019, included two wide-bodied jets of which one was an A350 for customer Japan Air Lines (T:9201). The other was an internal delivery of an A330 to be converted into a military tanker.

Demand for jetliners, especially oversupplied twin-aisle models, has slumped as airlines hold back from taking delivery over financial concerns and European lockdowns or travel restrictions make it harder to send inspection teams.

Airbus is operating a system of split shifts divided into red and blue teams in order to slow the spread of the epidemic.

The planemaker sold nine single-aisle aircraft to Irish lessor Avolon in April, but these replace nine previously cancelled by the same firm for earlier delivery - highlighting aggressive moves to save cash and postpone capital spending.

Avolon has said it is planning for a lengthy downturn in demand following the industry's worst crisis.

So far in 2020, Airbus has delivered 136 aircraft, down from 232 at the same stage of 2019.

© Reuters. The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais

It has sold 365 aircraft, while taking 66 cancellations for a net order tally of 299 airplanes.

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