The Corona of the crisis in the aerospace and defense group Airbus in the second quarter deep in the red ripped. Because the number of aircraft broke in deliveries, the line, the loss of more than 1.4 billion euros, as the competitor of the American company Boeing announced on Thursday in Toulouse. A year earlier it had posted a profit of nearly EUR 1.2 billion.

Now, the group wants to drive the production of his recent Langstreckenjets A350 even more than planned. Instead of six, only five machines of the type per month, to leave the factory. This corresponds to about half the pre-crisis level.

Boeing also wants to stop in the red

In the difficult position of Airbus CEO Guillaume Faury, especially the cash outflow in the group. Acquisitions and financing for customers are expected to flow in the second half of the year, the bottom line is no money from the group, announced the Manager. A new forecast for sales and earnings in the current year, he did not dare to continue.

AIRBUS GROUP — — (–) Paris, London SE Int. Level 1XetraSchweiz otctrade gate, Stuttgart lang & Schwarz in Frankfurt, Vienna, Switzerland 1T 1W 3M 1J 3J 5J For detail view

Boeing had submitted Figures on Wednesday.The Corona pandemic, and the debacle of the two crash banned from occupied Krisenjet 737 Max have brought the group deep into the red. In the second quarter, a loss of around 2.4 billion dollars (2 billion euros), under the dash, as the aerospace giant announced. A year ago, the high non-recurring costs due to the accident airplane 737 Max to the group a Record loss of 2.9 billion dollars into this. Sales fell compared with the previous year’s figure by a quarter to 11.8 billion dollars.

Jumbo Jet 747 is buried

The company signalled further staff cuts:”Unfortunately, mean the lingering effects of the Covid-19 pandemic, which lead to further production cuts and falling demand for aircraft, we need to rethink the number of our employees,” wrote Boeing CEO Dave Calhoun on Wednesday in a Memo to the staff. The aviation group had announced in April to reduce the number of employees by about ten percent, which would be approximately equivalent to 16,000 jobs.

BOEING — — (–) NYSELondonXetraTradegateLang & Schwarz, Frankfurt, Vienna, Stuttgart, Switzerland, Brussels, Switzerland, 1T 1W 3M 1J 3J 5J For detail view

After the presentation of the quarterly figures, Boeing chief financial officer Greg Smith said in a conference unlock with analysts, that around 19,000 Employees leave the company, of which about 6000 at the end of June yeah were.

with reference to the current market situation Boeing also announced that production deseinst as the “Queen of the skies” is the critically acclaimed Jumbo jet 747, after more than 50 years.The last 747 will be built in 2022.Surprisingly, this is not Boeing considered for years, the Jumbo due to lack of demand to stomp on.Finally, the production rate was only at a measly six machines per year. In addition, the model was built only as a cargo aircraft and in a special version as an American government jet, Air Force One.