French aircraft manufacturer Airbus has announced its deliveries in the first half of 2020 have been cut in half, due to the COVID-19 crisis, the company said.
With the manufacturer scaling back aircraft production, their leadership is among the voices now calling for slow growth within the industry.
Airbus reported a nearly USD 2 billion loss over the first six months of 2020, due in part to the Coronavirus outbreak and 50 percent fewer deliveries compared to 2019. The European aerospace giant reported the changes in their first-half financial report, released June 30, 2020.
The 196 aircraft deliveries were much lower than 2019, when the company delivered 389 to customers. Leaders at Airbus blamed the decline in both earnings and deliveries on the current pandemic.
Airbus is planning to reduce productivity on its assembly lines, as the manufacturer tries to find a new normal beyond the pandemic. The company will produce five Airbus A350 aircraft, while the final assembly line for the A220 in Canada will slowly ramp up to pre-COVID levels. The reduced productivity is blamed partially on the company´s inability to deliver 145 finished commercial aircraft due to the pandemic.