{"id":365808,"date":"2020-07-31T10:58:04","date_gmt":"2020-07-31T05:28:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365808"},"modified":"2020-07-31T12:42:21","modified_gmt":"2020-07-31T07:12:21","slug":"airbus-trims-a350-output-quarterly-loss-worse-than-expected","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airbus-trims-a350-output-quarterly-loss-worse-than-expected\/","title":{"rendered":"Airbus trims A350 output, quarterly loss worse than expected"},"content":{"rendered":"<p>Europe&#8217;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 the global coronavirus pandemic. <\/p>\n<p>The planemaker also said it hoped to avoid consuming cash in the second half of the year after a second-quarter outflow of 4.4 billion euros as deliveries tumbled because of the collapse in air travel caused by the coronavirus.<\/p>\n<p>&#8220;We believe it is going to be a long and slow recovery,&#8221; Chief Executive Guillaume Faury told reporters, adding that travel was picking up but more slowly than previously expected.<\/p>\n<p>The crisis has particularly affected demand for wide-body long-haul jets, which are expected to be the slowest to recover once demand returns to normal levels, which Airbus says could take until 2023 or 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe&#8217;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 the global coronavirus pandemic. The planemaker also said it hoped to avoid consuming cash in the second half of the year after a second-quarter outflow of 4.4 billion euros as deliveries tumbled because of the collapse in air travel caused by the coronavirus. &#8220;We believe it is going to be a long and slow recovery,&#8221; Chief Executive Guillaume Faury told reporters, adding that travel was picking up but more slowly than previously expected. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-365808","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365808"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365808\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}