Airbus, The World’s Largest Planemaker, Warns Of More Job Cuts Because Of The Pandemic [Forbes]
Boeing Company (The) (BA)
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Source: Forbes
ToplineAirbus SE, now the world’s largest planemaker, could take more strict measures to cut more jobs because of a continued fall in demand for travel fuelled by the coronavirus pandemic, CEO Guillaume FaurytoldCEO of Airbus Guillaume FauryASSOCIATED PRESSKey FactsThe European planemaker is already committing to cutting 15,000 jobs as air travel and orders from airlines have been ravaged by the coronavirus pandemic, with a number of layoffs made through a voluntary redundancy scheme.But on Tuesday, Faury warned that voluntary redundancies may not be enough to reach that goal.He added that he could not guarantee that compulsory redundancies would not happen in a bid to cut costs.The CEO said that while airlines were not cancelling orders, they were delaying them as demand for air travel stays at a fraction of activity before the coronavirus and with many travel bans still in place, and lockdown restrictions returning to regions facing a second wave.Faury said that had left airlines “i
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- Elevate Aviation Group announces strategic partnership with New Pacific Airlines [Yahoo! Finance]Yahoo! Finance
- RyanAir CEO speaks out on 2 years of Boeing problems: ‘spanners under floorboards,' ‘missing seat handles' and ‘much-needed' new management [Yahoo! Finance]Yahoo! Finance
- Focus: How Boeing's leadership was 'fired' by its own customers [Reuters]Reuters
BA
Earnings
- 1/31/24 - Beat
BA
Sec Filings
- 3/25/24 - Form 8-K
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- BA's page on the SEC website