Airbus trims A350 output amid larger-than-expected Q2 loss – ZAWYA

Airbus trims A350 output amid larger-than-expected Q2 loss – ZAWYA

Airbus trims A350 output amid larger-than-expected Q2 loss Airbus said it had cut A350 production to five jets a month    Airbus assembly plant is pictured in Seville, southern Spain February 21, 2020. PARIS - Europe's Airbus announced a new cut in production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year after a quarterly outflow of 4.4 billion euros as deliveries tumbled because of the coronavirus collapse in air travel.Airbus posted an adjusted second-quarter operating loss of 1.226 billion euros ($1.44 billion) as revenues slid 55% to 8.317 billion. Analysts expected a loss of 1.027 billion on revenues of 8.552 billion, according to a company-compiled consensus.PARIS - Europe's Airbus announced a new cut in production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.Airbus posted an adjusted second-quarter operating loss of 1.226 billion euros ($1.44 billion) as revenues slid 55% to 8.317 billion. Analysts expected a loss of 1.027 billion on revenues of 8.552