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  • Airbus offered investors a glimmer of hope.

  • On Thursday, the European aerospace giant said it expected to stop burning through cash in the fourth quarter.

  • It's managed to speed up deliveries off new jets to cash strapped airlines.

  • Chief Executive Jeong Furry says the firm has learned a lot about how to cope with this year's crisis.

  • But he also warned that airline traffic was taking longer to recover than expected and production could yet see further disruption.

  • With France and Germany home to key Airbus factories facing new lock down measures in the third quarter, underlying operating profit at the plane maker tumbled by almost a half to about $960 million.

  • Though that was better than analyst forecasts, Airbus managed to reduce its stock off UN delivered airliners over the period.

  • For the full year, experts predict it will deliver about 500 to 550 new jets that would be down from 863 last year.

Airbus offered investors a glimmer of hope.

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B2 airbus cash burning managed quarter jeong

Airbus to stop burning cash, but lockdowns loom

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    林宜悉 posted on 2020/10/29
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