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Airbus Targets 10 Percent Cost Reductions
Airbus announced plans to cut costs by 10 percent in response to ongoing supply chain issues and broader economic uncertainty. The company did not specify which areas would be targeted.
May 19, 1:10 PM·1m read1 source
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Airbus stated it will pursue a 10 percent reduction in costs to address global uncertainty and supply chain disruptions. The company said the measures come as it continues to face delays in component deliveries and fluctuating demand across its commercial aircraft programs.
Airbus reported that suppliers have struggled to meet production targets for key components, including engines and fuselage sections. The company added that these constraints have affected its ability to increase output rates for the A320 family and other models.
Airbus did not detail specific departments or programs that would see cuts. The company said it would continue to monitor market conditions and adjust its approach as needed.
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