UPDATE 4-Airbus warns staff on jobs with its 'survival at stake' [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
Airbus warns staff on jobs with its 'survival at stake' PARIS/TOULOUSE (Reuters) - European planemaker Airbus ( AIR.PA ) gave its starkest assessment yet of damage from the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action. In a letter to staff late last week, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented speed” and that a recent drop of a third or more in production rates did not reflect the worst-case scenario and would be kept under review. Airbus said it did not comment on internal communications. Shares in Europe's largest aerospace group closed down 2.4% on Monday after notching up the biggest falls on the Paris CAC40 index .FCHI . Aviation commentator Howard Wheeldon said the letter showed the “realisation of there being little prospect of a large-scale order recovery any time soon”. The letter was sent to employees days before
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BA
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- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website