Airbus SE

Airbus SE is a holding and management company, which engages in the design, manufacture, and marketing of aerospace products, services, and solutions. It operates through the following segments: Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment offers jet aircraft, aircraft conversion and related services, turboprop aircraft, and aircraft components. The Airbus Helicopters segment is composed of civil and military helicopters and related services. The Airbus Defense and Space segment includes military aircraft, which supports combat, mission, transport and tanker aircraft, and associated services; space systems, which provides a range of civil and defense space systems for telecommunications, earth observations, navigation, science, and orbital systems; and connected intelligence, which refers to services around data processing from platforms, secure communication, and cyber security. The company was founded on December 29, 1998 and is headquartered in Blagnac, France.

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Airbus SE is a holding and management company, which engages in the design, manufacture, and marketing of aerospace products, services, and solutions. It operates through the following segments: Airbus, Airbus Helicopters, and Airbus Defense and Space. The Airbus segment involves the development, manufacture, marketing, and sale of commercial jet passenger aircraft, regional turboprop, and components, conversion and related services. The Airbus Helicopters segment includes the provision of civil and military helicopters and related services. The Airbus Defense and Space segment focuses on connected intelligence, military air, and space systems. The company was founded on December 29, 1998 and is headquartered in Blagnac, France.

Battered by the coronavirus pandemic, European aircraft manufacturer Airbus said Tuesday that it must eliminate 15,000 jobs, mostly in Europe, to safeguard its future and warned of more thin years ahead.

Airbus shedding 15,000 jobs, mostly in Europe

Airbus SE EADSY, +0.50% said Tuesday it will cut about 15,000 jobs by next summer as it aims to "resize" its workforce and commercial-airplane operations in response to the coronavirus pandemic.

Airbus to cut workforce in bid to weather its 'gravest crisis'

Aircraft manufacturer, which has a plant in Broughton, north Wales, has been hit hard by pandemic

'Gravest crisis' as Airbus plans to cut 15,000 jobs, 1,700 in UK

Aerospace giant Airbus announced plans to layoff 15,000 employees as part of a broader restructuring following a 40% drop in business caused by the global coronavirus panic.

Airbus To Cut 15,000 Jobs Amid ‘Gravest Crisis This Industry Has Ever Experienced’

Airbus will cut about 15,000 jobs, or more than 10% of its workforce, over the next 12 months as it comes to terms with a plunge in demand for new aircraft due to the slump in air travel caused by the pandemic.

Airbus is cutting 15,000 jobs because of the pandemic

Airbus on Tuesday unveiled plans to shed around 15,000 jobs including 900 already earmarked in Germany, saying its future was at stake after the coronavirus pandemic rocked the air travel industry.

Airbus says to shed 15,000 jobs

European aerospace giant Airbus is expected to announce as early as Tuesday a restructuring plan forced on the company by the staggering loss of business related to the COVID-19 pandemic.

Airbus Expected to Fire Thousands, Matching Boeing Job Cuts

Airbus is set to announce on Tuesday a restructuring involving thousands of job cuts as it deals with the fallout from impact of the coronavirus crisis, union officials said.

Airbus set to announce thousands of job cuts: unions

Airbus has postponed its target of building a $10 billion services business amid the coronavirus crisis, but is sticking with a strategy of supporting airline operations, a senior executive said as the company heads for a broader shake-up.

Airbus slows services push amid coronavirus crisis

Airbus will announce restructuring plans expected to include thousands of job cuts later on Tuesday after markets close, union sources said.

Airbus to announce restructuring on Tuesday, union sources say

Airbus was finalising an imminent restructuring plan involving thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years.

Airbus close to slashing jobs as CEO confirms 40% output drop

Airbus was finalising an imminent restructuring plan expected to include thousands of job cuts on Monday as its chief executive confirmed plans to hold output down by 40% for two years.

Airbus fine-tunes job cuts as CEO confirms 40% output drop

Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, Chief Executive Guillaume Faury was quoted on Monday as saying.

Airbus CEO sees production down 40% over the next two years

State travel restrictions aimed at stopping the spread of Covid-19 aren't 'helpful,' according to Airbus Americas' CEO.

Airbus Americas CEO says state travel restrictions 'not helpful,' urges consequences for no masks on board

Airbus has reached a crucial jetliner production target and smoothed recent industrial problems as it embarks on a new phase in its response to the coronavirus crisis, the planemaker's chief operating officer said.

Exclusive: Airbus executive says jetmaker reaches new production 'sweet spot'

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The EU could retaliate if the World Trade Organization rules in its favor next month.

$3.1 Billion in New EU Consumer Goods Tariffs to Further Escalate Trade War

French unions and a regional body slammed a decision by Airbus to cancel plans to bring some engine work in-house on Tuesday, saying it would cost 350 French jobs.

Unions see jobs threat as Airbus scraps bid to build engine parts

Boeing And Airbus: Surprising Order Growth

Airbus SE (EPA: AIR) said on Friday that it is extending the ongoing furlough for a total of 5,300 employees in the United Kingdom and Spain as the Coronavirus pandemic continues to weigh on the global airline industry. In an emailed statement, a spokesman for Airbus commented: “This will be effective from 20th May till 30th September and affects all Airbus Operationss SL employees in Spain (with some exceptions), which means around 3,100 employees.

Airbus announces an extension on the ongoing furlough in the UK and Spain to combat COVID-19

European planemaker Airbus SE said on Friday it is extending furlough programs for 5,300 of its employees in Spain and the United Kingdom in its latest effort to cope with the impact of the coronavirus outbreak.

Airbus extends furloughs in UK, Spain in latest effort to tackle COVID-19 fallout

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Parts suppliers and maintenance firms plan for a 75% decline in 2020 business, with no turnaround in sight.

Report: Airline Industry Suppliers Brace for $60 Billion in Lost Sales

EasyJet (LON: EZJ) said on Tuesday that it has successfully negotiated with Airbus to defer deliveries of 24 aircraft. These aircraft are now scheduled to be delivered between the years 2025 and 2027.

EasyJet announces a revised deal with Airbus that defers deliveries of 24 aircraft

Boeing And Airbus: The Bubble Burst

The Coronavirus pandemic has brought the global travel and tourism industry to a near halt. Numberless airlines, including Etihad Airways, have been pushed into grounding fleets, minimising flights, and deferring deliveries of jetliners.

Airbus may pursue litigation against airlines that dishonour existing contracts

Airbus recorded no new orders in May as the company adjusts to the harsh reality of airlines canceling or deferring orders for new planes in a bid to save cash.

News for Airbus SE Stock (EADSY)