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 guillaume.steuer@airbus.com +33 6 73 82 11 68
Stefan Schaffrath stefan.schaffrath@airbus.com +33 6 16 09 55 92
Justin Dubon justin.dubon@airbus.com +33 6 749 749 51
Matthieu Duvelleroy matthieu.duvelleroy@airbus.com +33 6 29 43 15 64
Clay McConnell (US) clay.mcconnell@airbus.com +1 571 278 0612
Sean Lee (Asia) sean.lee@airbus.com +65 9654 5761
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: 00 800 00 02 2002
Fax: +49 (0)89 607 - 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
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April 08, 2020 12:20 ET (16:20 GMT)
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