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Airbus cuts output by a third amid virus woes

Just months ago, it was aiming for record deliveries this year and speeding up output. Now, airlines are deferring handovers, some are seeking bailouts and worse is expected

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Airbus will produce about 40 of its top-selling A320 narrow-body each month, while reducing rates on the advanced A350 wide-body to six a month. The slower-selling A330 will limp along at two a month.

New York

AIRBUS slashed its aircraft output by a third in a stark concession to the coronavirus pandemic that's upended the aviation industry.

The world's biggest commercial aircraft manufacturer now plans to produce about 48 planes a month across its A320, A330 and A350 programmes...

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