Airbus executives expressed hope Wednesday that jet deliveries stalled by the virus could start picking up in the second half of the year. After warning workers that the European plane maker is "bleeding cash,'' Faury said Airbus will study "resizing'' the company after the virus crisis. Already 3,000 Airbus workers in France are on temporary unemployment and the number is expected to grow. Airbus reported a 15 percent drop in revenues to 10.6 billion euros in the first quarter. Shares in Airbus and Boeing have dropped some 60 percent this year, and airlines around the world have sought multibillion-dollar government bailouts to survive.-AP

Source: The Standard April 29, 2020 09:11 UTC