Even after virus-related travel restrictions eventually ease, Chief Executive Guillaume Faury acknowledged it will take a long time to persuade customers to get back on planes. Just how long, he can’t predict.
The Associated PressThe European manufacturing giant reported 481 million euros in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to survive the coronavirus crisis. And its CEO said Wednesday it's still at an “early stage.”
Faury insisted that airplanes are “probably the best place to be” during a virus outbreak because of air filtration systems put in place after previous virus outbreaks and other threats, but said Airbus will work with aviation authorities to try to calm the public.collapse or seek billions of dollars in government bailouts.
U.S. rival Boeing is facing similar woes. Boeing’s CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic.
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