Travel Corona and job cuts pull Airbus into the red.
Mobile to shift commercial airline flights to more convenient downtown airport
Flyers to Mobile, Alabama, will be landing at a more conveniently located airport in a few years after officials there announced plans to relocate commercial passenger flights to the Mobile Downtown Airport. Following two years of study, the Mobile Airport Authority has unveiled a master plan that calls for all commercial air service to move …Following two years of study, the Mobile Airport Authority has unveiled a master plan that calls for all commercial air service to move to the centrally-located Mobile Downtown (BFM) from Mobile Regional (MOB) airport in the next few years.
The corona pandemic and the planned cut of thousands of jobs pulled aircraft manufacturer Airbus deep into the red in the summer.
But Airbus boss Guillaume Faury sees reason for hope in what is probably the worst crisis in the aviation industry to date. In the third quarter, the group again delivered more aircraft than in the first months of the pandemic.
In addition, the management was able to stop the outflow of money in ongoing business, as the group announced on Thursday in Toulouse. Faury even thinks it is conceivable that aircraft production, which has been cut back due to the crisis, will be ramped up again next summer. But that is not certain.
These Are the Highest-Paying Jobs That Don't Require a Degree
Looking for a career pivot? Take a look at these jobs that have no formal education requirement. Some of which pay more than the average annual wage across all jobs. The average annual wage for all workers in the United States is $53,490. Stacker used data from the 2019 edition of the BLS' Occupational Outlook Handbook, updated in April 2020, to compile a list of 94 jobs that do not have formal education requirements. These jobs are ranked by their average annual income, and ties are broken by the number of employees who work that job.
The corona crisis hit aviation more severely than few other industries. Because of the pandemic and travel restrictions, the demand for flight tickets has largely collapsed. Airlines around the world are struggling to survive. Most of them can hardly use new aircraft from manufacturers such as Airbus and Boeing at the moment.
Video: Increase in sales in retail (SAT.1)
Airbus has therefore reduced its aircraft production by around 40 percent and plans to cut around 15,000 jobs by next summer. Talks with employee representatives are still ongoing, but because of the expected severance payments, the group has already set aside 1.2 billion euros.
In the third quarter, Airbus fell deep into the red. The bottom line was a deficit of 767 million euros after a profit of 989 million a year earlier. In ongoing business, sales fell by 27 percent year-on-year to 11.2 billion euros due to the slowed delivery of passenger jets. The operating profit adjusted for special costs (adjusted EBIT) fell by 49 percent to 820 million euros, but was higher than analysts expected on average.
Airlines constantly adjusting their schedules means you can easily change your flight for free or get a refund — here's how
These luxury vacations offer incredible experiences and five-star amenities without breaking the bank.
In addition, the management was able to stop the outflow of money in ongoing business. Before takeovers and customer financing, the company posted an inflow of funds of 0.6 billion euros. Viewed over the first nine months, however, the minus was still 11.8 billion euros. For the fourth quarter, Faury is aiming for at least a balanced development.
It assumes that there will be no further disruptions to the global economy, air traffic, internal group processes or aircraft deliveries. However, management has apparently already considered lockdown measures in Germany and France. "Our forecast is based on what we can foresee now," said Faury in a conference call with journalists.
The manager did not want to make any further predictions for the current financial year - such as the number of aircraft to be delivered, sales or operating profit. The original goal of delivering 880 commercial aircraft this year was canceled by the board in the spring due to the crisis.
15 Items That Will Make Hiking With Kids So Much Easier .
With families embracing the homeschooling experience, many are using it as an opportunity to visit national parks and landmarks to build hands-on learning experiences into the curriculum.