{"id":150227,"date":"2021-01-08T22:04:02","date_gmt":"2021-01-08T19:04:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/airbus-orders-plunge-65-percent-as-airlines-hunker-down\/"},"modified":"2021-01-08T22:04:02","modified_gmt":"2021-01-08T19:04:02","slug":"airbus-orders-plunge-65-percent-as-airlines-hunker-down","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/airbus-orders-plunge-65-percent-as-airlines-hunker-down\/","title":{"rendered":"#Airbus orders plunge 65 percent as airlines hunker down"},"content":{"rendered":"

“#Airbus orders plunge 65 percent as airlines hunker down<\/strong>”<\/p>\n

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\"Airlines
\n Airlines have been forced to scale back purchases of aircraft by makers such as Airbus as a result of the coronavirus crisis
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European plane maker Airbus said Friday that it garnered just 268 net new orders last year, a drop of 65 percent year-on-year reflecting persistent fears about the prospects for air travel<\/a> amid the coronavirus crisis.<\/p>\n

The new orders take into account 115 cancellations as airlines scaled back their ambitions because of uncertainty about how long international travel restrictions will remain in place.<\/p>\n

Deliveries of completed Airbus planes also suffered, falling 34 percent to 566 planes last year.<\/p>\n

“Based on our 2020 deliveries, we are cautiously optimistic as we look into 2021, although challenges and uncertainties remain high in the short term,” chief executive Guillaume Faury said in a statement.<\/p>\n

The company scaled back production at its factories by 40 percent last spring, and Faury said in October that no uptick was expected before the third quarter of 2021.<\/p>\n

Airlines are facing their worst year ever, the International Air Transport Association warned in November, with the COVID crisis likely to have slashed industry revenue by 60 percent in 2020.<\/p>\n

Even though airlines have reduced costs by $1 billion a day, grounded fleets and cut jobs, they are still racking up huge and “unprecedented” losses, the IATA said.\n <\/p>\n\n

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Airbus posts net loss on plunging deliveries during pandemic\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Airbus orders plunge 65 percent as airlines hunker down (2021, January 8)
\n retrieved 8 January 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-01-airbus-plunge-percent-airlines-hunker.html<\/p>\n

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