PPRuNe Forums - View Single Post - Airbus boss warns company is 'bleeding cash'
Old 27th Apr 2020, 13:10
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cashash
 
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Ironically, given the 737 Max debacle, it is Airbus who are in greater financial distress than Boeing due to the Covid19 shutdown of aviation. Airbus are reliant on the Commercial sector for 66% of their revenue whilst Boeing with its larger defence capability only gets 49% of its revenue from the airlines.

If people like Stelios get their way an we see a wave of order cancellations in the near future then both companies are going to need significant taxpayer assistance.
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