Airbus cuts down production as coronavirus hits air travel

The plane maker said it was reducing output of its A320, A350 and A330

An Airbus A350-1000 airplane transporting face masks from China to Europe, lands at the Toulouse-Blagnac Airport in Blagnac, southern France, where the Airbus headquarters are located, on April 5, 2020, during a strict lockdown in France aimed at curbing the spread of the COVID-19 (novel coronavirus) pandemic.  European aircraft manufacturer Airbus shipped 4 million face masks from China to Europe, most of which are destined for the health authorities of the countries where the company operates, a spokeswoman for the group said on April 5. The aircraft had landed in Hamburg on April 4, the other major site of the aeronautics group in Germany, to deposit the first batch of masks. / AFP / REMY GABALDA
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Airbus cut production across the board to absorb the hit to manufacturing from the coronavirus crisis.

In its largest ever production adjustment, the European manufacturer said it was reducing output of its best-selling A320 narrow-body family by a third to 40 aircraft a month.

It also cut production of larger wide-body jets with the A350 falling by about 40 per cent to 6 aircraft a month, and the A330 family down by more than 40 per cent to 2 aircraft a month, based on the most recently published Airbus production figures.

The move, which Airbus said represented an average output reduction of a third, came as deliveries halved in March to 36 aircraft.

Aerospace has been hit worldwide by the pandemic.

Airbus has experienced particular disruption since France and Spain - two of its core manufacturing nations alongside Britain and Germany - placed their populations in lockdown in mid-March, restricting the movement of workers.

Reuters reported last week that Airbus was considering sharp cuts in production of all models in the face of plunging demand, cash problems at airline customers and logistical difficulties in delivering aircraft.

Airbus said it had delivered 122 aircraft between January and March, down 25 per cent from a year earlier.

It also said it had produced a further 60 aircraft in the first quarter but had been unable to deliver them because of the crisis, which has forced many airlines to defer deliveries and prevented others from sending teams to take delivery.