About: http://data.cimple.eu/news-article/62dd96d9ab2525f8e43f426cf49c3906d4fa12bd3a41576ee37faadd

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/62dd96d9ab2525f8e43f426cf49c3906d4fa12bd3a41576ee37faadd Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	European aircraft maker Airbus said Thursday that one-off charges related to the deep job cuts announced earlier this year pushed it deep into the red in the third quarter. Airbus said in a statement that it booked a net loss of 767 million euros ($900 million) in the period from July to September, compared with profit of 989 million euros a year earlier. Operating or underlying profit fell by 49 percent to 820 million euros and revenues declined by 27 percent to 11.2 billion euros, the statement said. Earnings were hit by a restructuring charge of 1.2 billion euros related to the decision to axe 15,000 jobs. And while Airbus said that uncertainty resulting from the coronavirus pandemic prevented it from issuing any earnings forecast for the whole year, it was confident it had stopped the cash haemorrhage seen earlier this year. "The company assumes no further disruptions to the world economy, air traffic, Airbus' internal operations, and to its ability to deliver products and services. On that basis, the company targets at least break-even free cash flow... and customer financing in the fourth quarter of 2020," it said. Chief executive Guillaume Faury said that "after nine months of 2020 we now see the progress made on adapting our business to the new Covid-19 market environment. "Despite the slower air travel recovery than anticipated, we converged commercial aircraft production and deliveries in the third quarter and we stopped cash consumption in line with our ambition," Faury said. With global air traffic not expected to return to 2019 levels until 2023 or 2025, Airbus said it had scaled down the rate of production of its A320, A220, A330 and A350 planes. In the nine months to September, aircraft deliveries have fallen by about 40 percent, with a shortfall of about 20 percent in the third quarter alone. mra/spm/tgb
schema:headline	Airbus flies into red in third quarter
schema:mentions	Airbus A350 XWB Airbus A330 Axe Bleeding Pandemic Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Airbus A220 Guillaume Faury Free cash flow Global Air (Mexico) 49 Percent
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software