Airbus: Airline industry has lost 25 years of growth

The airline industry has lost 25 years of growth due to the impact of the COVID pandemic according to the world’s largest supplier of commercial aircraft.

Yesterday, Airbus detailed the savaged impact of COVID-19 on the airline industry at its 2021 Virtual Commercial & Programmes Update.

Christian Scherer, Chief Commercial Officer (CCO) and Head of International at Airbus, told an online media hookup that virtually all contracts with airline customers had to be amended and 80 percent of deliveries altered.

The company’s deliveries dropped from a high in 2019 of 863 to just 566 last year while orders dropped from 768 to just read more ⇒

Source:: AirlineRatings.Com

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