Business

Coronavirus pushes Airbus into Q1 loss

European aviation giant Airbus plunged into the red in the first quarter as the coronavirus pandemic sparked "the gravest crisis the aerospace industry has ever known", it said Wednesday.

Business

Will the US government nationalize Boeing?

About 12 years after the US government bailed out General Motors and Chrysler, Washington policymakers are debating how to throw Boeing a lifeline as it reels from dual crises over the coronavirus and 737 MAX.

Business

Fines cause turbulence for Airbus results

Airbus on Thursday reported a net loss of 1.36 billion euros for 2019, weighed down by massive fines to settle bribery scandals and extra costs for the A400M military transport aircraft.

Business

Airbus cuts delivery forecast, profits in holding pattern

Airbus cut Wednesday its forecast for the number of planes it will deliver this year as it finds it difficult to meet ambitious targets to speed up production, while profits held steady in the third quarter.

Business

Airbus ups estimate of 20-year demand for new planes

Airbus on Wednesday increased its estimate of the number of new aircraft needed over the coming two decades as airlines seek more fuel-efficient planes even as it trimmed its forecast for the increase in demand for air travel.

Business

Airbus profits soar as rival Boeing stumbles

European planemaker Airbus on Wednesday posted robust half-year profits on strong demand from airlines for more fuel-efficient jets, in stark contrast to its US archrival Boeing, suffering from the grounding of a flagship ...

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