AIR100 – Airbus: Difficult two years ahead but strong recovery likely from 2023
Airbus has announced significant cuts to several of its operations on 30 June , primarily in Europe for a total of nearly 18,000 jobs (including ADS), including 1,300 positions worldwide. This roughly matches Boeing and is in line with the severe contraction associated with the collapse of air traffic demand due to the current COVID pandemic.
Airbus also has other urgent issues to address, these are different from Boeing’s dire situation but those will need prudent responses if needed. While Boeing is currently severely impacted by the aftermath of its 787 and KC-46 development mismanagement and the current MAX regulatory and technical crisis, Airbus is faced with existing and potential challenges that will sequence themselves over a period of 15 years, and that may alter the course of the enterprise with varying degrees of severity.
