(Bloomberg) — Airbus SE cut back wide-body jet production after burning through an added 4.4 billion euros ($5.2 billion) in the second quarter, retrenching further to safeguard cash while it waits out a collapse in demand.The world’s biggest planemaker will now aim to produce five A350 aircraft a month rather than the six targeted in April, it said in a statement Thursday. The company booked 900 million euros of Covid-19 related charges against earnings and said a future restructuring provision could total 1.6 billion euros.Airbus delivered 74 planes in the quarter, when global fleets were largely grounded, less than one-third …read more
Source:: Yahoo Finance
