DGAP-Adhoc: Airbus SE: Airbus provides update on March commercial aircraft orders & deliveries and adapts production rates in COVID-19 environment

DGAP-Ad-hoc: Airbus SE / Key word(s): Miscellaneous 
Airbus provides update on March commercial aircraft orders & deliveries and 
adapts production rates in COVID-19 environment 
 
08-Apr-2020 / 18:20 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Ad-hoc release, 8 April 2020* 
 
*Airbus provides update on March commercial aircraft orders & deliveries and 
adapts production rates in COVID-19 environment* 
 
*- *Business impacted by COVID-19 pandemic 
 
- 21 net orders and 36 deliveries in March 2020 
 
- 290 net orders and 122 deliveries in Q1 2020 
 
- Production rates revised downwards adapting to new market environment 
 
After a solid commercial and industrial performance at the beginning of the 
year, Airbus (stock exchange symbol: AIR) is now revising its production 
rates downwards to adapt to the new Coronavirus market environment. 
 
In Q1 2020, Airbus booked 290 net commercial aircraft orders and delivered 
122 aircraft. 
A further 60 aircraft were produced during the quarter, highlighting the 
solid industrial performance, however they remain undelivered due to the 
evolving COVID-19 pandemic. 
36 aircraft were delivered in March across the different aircraft families, 
down from 55 in February 2020. This reflects customer requests to defer 
deliveries, as well as other factors related to the ongoing COVID-19 
pandemic. 
 
The new average production rates going forward have been set as follows: 
 
- A320 to rate 40 per month 
 
- A330 to rate 2 per month 
 
- A350 to rate 6 per month 
 
This represents a reduction of the pre-coronavirus average rates of roughly 
one third. With these new rates, Airbus preserves its ability to meet 
customer demand while protecting its ability to further adapt as the global 
market evolves. 
 
Airbus is working in coordination with its social partners to define the 
most appropriate social measures to adapt to this new and evolving 
situation. Airbus is also addressing a short-term cash containment plan as 
well as its longer-term cost structure. 
 
"The impact of this pandemic is unprecedented. At Airbus, protecting our 
people and supporting the fight against the virus are our chief priorities 
at this time. We are in constant dialogue with our customers and supply 
chain partners as we are all going through these difficult times together", 
said Airbus Chief Executive Officer Guillaume Faury. "Our airline customers 
are heavily impacted by the COVID-19 crisis. We are actively adapting our 
production to their new situation and working on operational and financial 
mitigation measures to face reality." 
 
In its effort to support the fight against the COVID-19, Airbus has carried 
out extensive work in coordination with social partners to ensure the health 
and safety of its employees. This has been achieved by implementing new 
stringent work standards and processes. Airbus is contributing to the 
development, sourcing and ferrying of medical equipment, including facemasks 
and ventilators, in support of medical health services. 
 
(You can find the full set of orders and deliveries for the month of March 
2020 here: https://www.airbus.com/aircraft/market/orders-deliveries.html 
[1]) 
 
* * * 
 
*About Airbus * 
Airbus is a global leader in aeronautics, space and related services. In 
2019, it generated revenues of EUR  70 billion and employed a workforce of 
around 135,000. Airbus offers the most comprehensive range of passenger 
airliners. Airbus is also a European leader providing tanker, combat, 
transport and mission aircraft, as well as one of the world's leading space 
companies. In helicopters, Airbus provides the most efficient civil and 
military rotorcraft solutions worldwide. 
 
*Contacts for the media* 
Guillaume Steuer [e-mail] [phone] 
Stefan Schaffrath [e-mail] [phone] 
Justin Dubon [e-mail] [phone] 
Matthieu Duvelleroy [e-mail] [phone] 
Clay McConnell (US) [e-mail] [phone] 
Sean Lee (Asia) [e-mail] [phone] 
 
08-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Airbus SE 
             P.O. Box 32008 
             2303 DA Leiden 
             Netherlands 
Phone:       [phone] 
Fax:         [phone] - 26481 
Internet:    www.airbusgroup.com 
ISIN:        NL0000235190 
WKN:         938914 
Indices:     MDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 1019059 
 
End of Announcement DGAP News Service 
 
1019059 08-Apr-2020 CET/CEST 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c5774167d78f4c8b14bf90049274160c&application_id=1019059&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 08, 2020 12:20 ET (16:20 GMT)