The outlook for the aviation industry deteriorated again – Airbus COO

The outlook for the aviation industry deteriorated again – Airbus COO

The outlook for the aviation industry deteriorated again - Airbus COO

Airbus Chief Operating Officer Macle Schellhorn said the outlook for the aviation industry has deteriorated once again due to rising coronavirus infections and renewed travel restrictions.

In an interview with the Handelsblatt business daily, Schellhorn said the situation in the early fall had worsened compared to what had been expected this summer. He said Airbus could cut at least 15,000 jobs.

With some Airbus factories already underutilized prior to the COVID-19 pandemic, unions now fear management may decide to close entire factories. At the same time, according to Schellhorn, German enterprises are not threatened with closure. “Basically, I don't see any German facilities at risk at the moment,” he said.

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