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At Boeing and Airbus, Finished Airplanes Pile Up
A drop in airplane deliveries has added financial stress at Boeing and Airbus, which analysts expect to report burning through billions of dollars in cash during the second quarter. https://wsj.com/articles/at-boeing-and-airbus-finished-airplanes-pile-up-11595764800 via
@WSJ
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BUSINESS
At Boeing and Airbus, Finished Airplanes Pile Up
Airlines are putting off jet deliveries amid coronavirus, depriving manufacturers and their suppliers of cash
By Andrew Tangel
Updated July 26, 2020 11:25 am ET
Boeing Co. and Airbus SE are making planes that airlines aren’t collecting, straining their finances as the coronavirus pandemic wreaks havoc on travel and the aerospace industry.
Airlines in many cases say they don’t want the aircraft for now, because they are unable to fill them profitably during a historic plunge in demand for flying. Travel restrictions are also hindering employees of some airlines from getting to the U.S. and Europe to pick up planes from factories.
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At Boeing and Airbus, Finished Airplanes Pile Up
Airlines are putting off jet deliveries amid coronavirus, depriving manufacturers and their suppliers of cash
By Andrew Tangel
Updated July 26, 2020 11:25 am ET
Boeing Co. and Airbus SE are making planes that airlines aren’t collecting, straining their finances as the coronavirus pandemic wreaks havoc on travel and the aerospace industry.
Airlines in many cases say they don’t want the aircraft for now, because they are unable to fill them profitably during a historic plunge in demand for flying. Travel restrictions are also hindering employees of some airlines from getting to the U.S. and Europe to pick up planes from factories.
...
TO READ THE FULL STORY
SUBSCRIBE
SIGN IN
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andrew.tangel@wsj.com